banner_ad

interest U/s 30(4)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 January 2010 1) Is interest U/s 30(4) to be levied only if there is a departmental verification or business Audit or issue of notice or intimation in this respect and a revised return has been filed thereafter by the dealer in response to findings in the inspection or audit with additional liability.

or Whether the Audit mentioned in the section includes audit under section 61 and that if the dealer has revised the returns before the vat auditor takes up the vat audit and pays the additional liability where both the tax auditor and the vat auditor are the same person.

in the above case if there is additional liability which is paid and the dealer has revised the returns and the vat auditor has verified such revised returns filed for the purpose of audit whether interest u;s 30(4) is applicable and should the auditor advice the dealer to pay the same.
Profile Image

CA Deepak P. Agrawal

Profile Image

CA Deepak P. Agrawal (Expert)
25 January 2010 Interest U/s.30(4) does not cover Audit u/s.61 for sure.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details