Sec 234a for late filing of tax audit

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satyapriya sahoo (Querist)
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28 September 2014 Can anybody clarify my doubt. We have tax audit, but now due date is extended to 30 the Nov. Wheather 234A is applicable for tax audit, who is filing after 30th sept. 2014. kindly clarify. It is very urgent. So

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 September 2014 SECTION 234A: INTEREST FOR DEFAULT IN FURNISHING RETURN OF INCOME

Even though the due date of filing of Income Tax Return extended upto 30.11.2014 interest u/s 234A will apply if return is filed after 30.09.2014. See CBDT notification from below link--

https://www.caclubindia.com/news/cbdt-extends-itr-due-date-to-30-11-2014-14397.asp#.VCeyifmSzUs

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 September 2014 Due date of return filing, for the purpose of 234A, is not extended vide clause 7 of the CBDT order dated 26/09/2014. Therefore, if self assessment tax is fully paid on or before 30.9.2014, and return is filed after that date, interest u/s 234A can be levied on a conjoint reading of the said order with section 234A.

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