Regarding 234a

This query is : Resolved

Srihari (Querist)
Follow

01 May 2014 One of my client received order U/s143(1) as on 13/02/2014 for the Asst Year 2012-13with Tax Payable of Rs.10/- for the Interest U/s.234A.Actually when we file the return we given the chalan for less than 10/-which was made mistake by clerically.Whats the remedy for that ,is it possible to waive that interest

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

02 May 2014 if you have paid tax earlier, kindly file rectification request.

Srihari

Srihari (Querist)
Follow

02 May 2014 No We Didnt file the Return in a stipiulated time.we file the return on 01/01/2014

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

02 May 2014 you cannot revise the return...you can still rectify

Message likes : 1 times

Srihari

Srihari (Querist)
Follow

02 May 2014 How we rectify the return is it possible to waive the interest amount ,or any other alternative is there
Thanks in Advance

Srihari

Srihari (Querist)
Follow

02 May 2014 How we rectify the return is it possible to waive the interest amount or any other alternative is there,Here the error is on myside then how we file the rectification,Thanks in advance

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

02 May 2014 well rectification does permit amending challan details etc. once challan details etc are corrected, interest etc will re-calculated and if any reduction has to be done, it will be taken care of.

Srihari

Srihari (Querist)
Follow

23 July 2014 In Income Tax return which amount should be taken as income for the salary,is the amount reflected in26AS or form 16

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

23 July 2014 Form 16 please..............

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now