urgent section -234 A Interest

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CA Atul Gangwar (Querist)
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29 December 2010 when we have filed original ROI within due date and paid total tax amount due at that time.now we are revising the same return with some additional income.now my question is that whether 234 A will be apply upon me or not.
if yes, then how to calculate the interest amount under the same section.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 December 2010 Revised return is filed u/s 139(5). Interest u/s 234A is applicable to return filed u/s 139(1) / 139(4) /142(1) only.

CA Atul Gangwar

CA Atul Gangwar (Querist)
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29 December 2010 whether any interest will be charged on additional tax amount on basis of additional income disclosed in revised return.,if yes then in which section same will be charged.
because revised return was filed after 2 month of original ROI and additioan tax was paid at the time of revised ROI filing.

Pankaj Jhawar

Pankaj Jhawar (Expert)
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29 December 2010 Yes 234A will be charged on the tax of the additional income.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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29 December 2010 interest will be charged..

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