If someone not filed his return in a.y 2012.13, then can assessing officer charges Interest u/s 234A,234B and 234C upon him while framing an assessment order?.
please clarify me.in this regard as soon as possible.
Thanksgiving in advance
4 Replies
sanjith kotni
(Articled assistant)
(663 Points)
Replied 13 December 2019
Yes he can levy it in assessment order as they are mandatory charges for compensation to govt for late payment and filing.
Kapadia Pravin
(17264 Points)
Replied 14 December 2019
All 234A-B-C applicable.
But one saving is it is calculated under simple interest method and not compounding method.
But one saving is it is calculated under simple interest method and not compounding method.
Shivam RC
(Student)
(23683 Points)
Replied 14 December 2019
Interest under Section 234A, 234B and 234C will be levied.
Kapadia Pravin
(17264 Points)
Replied 15 December 2019
Please use like button instead of repeating already replied query.
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