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Interest under 140a,234a,234b,234c

This query is : Resolved 

08 July 2013

My client age is 80 years( Super Senior citizen) and his income tax liability for AY 2013-14 is Rs 15000/-. whether he needs to pay any interest if he decides to file return within due date. If interest is to be paid under which section.

08 July 2013 If return is filed on or before 31st july 2013 then no int is to be paid.

08 July 2013 Interest u/s 234B and 234C doesn't attract to your client if he doesn't have income from PGBP.
Ref:- Section 207(2) of the income tax Act,1961.

However, belated filing attract interest u/s 234A of the said act.


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