ITR RETURN PANELTY
This query is : Open
SRI BHAGWAN JOSHI
(Querist)
27 July 2017
A pan holder not file his ITR before 31st July 2017 after due date panalty.....
CA Rashmi Gandhi
(Expert)
27 July 2017
No penalty for A.Y.2017-18.
Only interest u/s 234A will be levied.
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SRI BHAGWAN JOSHI
(Querist)
27 July 2017
Thanks mam
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CA Rashmi Gandhi
(Expert)
27 July 2017
Welcome.........
27 July 2017
Interest u/s 234A will be levied only on Self Assessment Tax portion. If there is refund or NIL tax return there will not be any Interest u/s 234A. Rate of interest, if applicable, is 1% for month or part of month on such SA Tax from the date immediately following due date upto actual date of filing.
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SRI BHAGWAN JOSHI
(Querist)
27 July 2017
Interest paid if I my income is taxable
CA Rashmi Gandhi
(Expert)
27 July 2017
Yes................
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