Tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2011
My client is an individual (senior woman).I want to know while computing the total income there was a tax liability of Rs.2000/-after considering TDS certificate in hand.She was supposed to file her return on or before 31.07.11.Can she file her return without paying the tax liability.
Please let me know when it has to be paid and whether any penal interest will be attracted.If yes what is the annual percentage of interest.
Please let me know when it has to be paid and whether any penal interest will be attracted.If yes what is the annual percentage of interest.
01 August 2011
yes. when you are not filing the return on time and tax liability also there then the penal interest will attract u/s.234A for defaulters in furnishing return of income
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