Regarding late filing of i.t.return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2011
I hv not file my I.T. Return for the A.Y. 2011-12 and want to file in August end then wt is the liability U/s 234-A . I hv paid my full advance tax .
CA PARAS BAFNA
(Expert)
02 August 2011
Interest is leviable @ 1% p.m. but it is on
amount payable. You will not require to pay any interest as no amount is payable.
Now for delaying , you are loosing interest which is receivable to you from the department.
amount payable. You will not require to pay any interest as no amount is payable.
Now for delaying , you are loosing interest which is receivable to you from the department.
Aditya Maheshwari
(Expert)
02 August 2011
Interest leviable from August @ 1% p. m. only on the amount payable after advance tax and TDS.
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