234 F and interest u/s 234 a

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mr.
36 Points Posted on 01 October 2020
On late filing of IT Return does interest payable U/234a includes Tax payable & 234 F?
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On 01 October 2020 at 08:50 Report
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This discussion clarifies the distinction between interest payable under Section 234A and the penalty under Section 234F for late filing of Income Tax Returns (ITR). Section 234A charges interest specifically on the tax amount payable, while Section 234F is a separate penalty for the late submission itself. These are distinct charges and are not mutually inclusive.

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Student CA Final
288 Points Posted on 01 October 2020
234F is penalty where as 234A is interest on late filing of return.Both are different .
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On 01 October 2020 at 09:51
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Tax and Business Consultant
11616 Points Posted on 01 October 2020
One Late filing of ITR
Interest u/s 234A is calculated/payable only on "TAX Amount Payable", not on 234F late fee.
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On 01 October 2020 at 12:03
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Tax consultant
5895 Points Posted on 01 October 2020
No both are different
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On 01 October 2020 at 15:57

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