234a interest

A return of income has to be revisesd due to investigation u/s 131,by showing higher income,will interest u/s 234A has to be paid due to higher tax.

Replies (2)

Yes,all  sec 234A applicable * conditions applies

Interst u/s 234A is paid only if the return is filed after the  due date of filing the return of income.  So if the original return was filed within date then no interest is leviable u/s 234A.

Moreover the return furnished within the due date can only be revised.  So it is condiered that when return is requried to eb revised it is filed within th edue date.

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