Late payment of income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 if a person has income from bussiness & profession liable to pay income tax but he does not pay his tax before 31st july.
what amount of interest or penalty , he is liable to pay after 31st july ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2013 Interest U/s 234-A is leviable. Provision of penalty is there in the Act in case where return of AY 2013-14, having taxable income and is not filed before 31.03.2014.
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