Regarding Interest u/s 234A and 234B levibility

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When filing a return under section 148 (reassessment), interest charges under sections 234A and 234B of the Income Tax Act are calculated up to the date you file the section 148 return. This means the interest calculation stops on your filing date, not on the date the assessment order is issued. This clarification is important for understanding your tax liabilities in reassessment cases.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

06 September 2025 In case of assessment If return u/s 148 is filed then interest of 234A and 234B of income tax act shall be counted till the date of filing of return u/s 148 or shall be counted till the date of assessment order?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

06 September 2025 Interest under section 234A and 234B of the Income Tax Act, when a return is filed in response to a notice under section 148 (i.e., reassessment), shall be calculated up to the date of filing the return under section 148 and not until the date of the assessment order.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

06 September 2025 Good luck.

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