234 A

ASSUME A PERSON, PAYS HIS ENTIRE TAX ( RS.3,00,000)  WITHIN THE PREVIOUS YEAR.(2009-10) AND FILED RETURN WITHIN THE DUE DATE . FOR THIS CASE DUE DATE IS 31ST JULY 2010.

 

LATER HE REALISES THAT LOSS ON HOUSE PROPERTY WORTH RS.10,000...IS TO BE CLAIMED.. HENCE HE REVISED THAT RETURN ON 31ST JULY 2011.

NOW WHETHER IT WILL ATTRACT INTEREST U/S 234 A , FOR NOT FILING RETURN WITHIN THE DUE DATE, SPECIFIED?

Replies (12)

there will b no interest u/s. 234A if original return is filed before due date...

 

revised return in this case can b filed upto 31.03.2012 or completion of assessment whichever is earlier...

rrevised return substitutes the original return from the date on which original return was filed...

 

Regards...

ya right there is no intt. u/s 234 since return is filled before due date so there is no q arise of intt. one can revised the return before the completion of assesment or end of one year from the completion of a.y whichever is earlier

I am totally agreed with Mr. Kushal & Rahul....

Originally posted by : rahul jain

ya right there is no intt. u/s 234 since return is filled before due date so there is no q arise of intt. one can revised the return before the completion of assesment or end of one year from the completion of a.y whichever is earlier
yes i m agree with rahul

AGREED WITH ALL FRIENDS...

Totally agree with all my frns.........

On Revision of return u/s 139(5),it is presumed that the revised return was filled on the date when the return u/s 139(1) was actually lodged.......

Ya totally agree with the above friends interest would not attract on the revised return , if the tax payment and filled the return with in the due date , The assessee can Revise the return and claim the loss from HP

Originally posted by : Kushal Bansal

there will b no interest u/s. 234A if original return is filed before due date...

 

revised return in this case can b filed upto 31.03.2012 or completion of assessment whichever is earlier...

rrevised return substitutes the original return from the date on which original return was filed...

 

Regards...

RIGHT

I agree with all my friends

Ya, i agree with all my friends as the time limit for filing revised return u/s 139 (5) is

i) within 1 year from end of the relevant A.Y i.e 2010-2011 or

ii)completion of assessment which ever is earlier.

yes i also agree

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details