Rajkumar Nallah
(Analyst)
(56 Points)
Replied 22 September 2009
Explanation and meaning for due date of filing :
1. due date of filing return mean a return of income where income is filed with -ve income (carry forward of loss to next year) the due date is 31st july
2. all other cases the filing of return is 31st of next year in case of persons having tax payable to avoid any penalty. ( till that 31st march he can pay the tax payable amount with interest).
3. in all other cases there is no due date of filing.
It is a broader phase when it comes to due date.
The Harshit Aggarwal
(B.Com(H) ,CS Final)
(5278 Points)
Replied 22 September 2009
| Originally posted by :CA Devanshi Gandhi | ||
| " | yes refund is granted | " |
vikaskamra
(CA Final Student)
(132 Points)
Replied 22 September 2009
if the return is filled after due date it will attract interest u/s 234A @ 1% per month
and the assesse will definetly will get a refund but after deducting interest from the refund due
vikaskamra
(CA Final Student)
(132 Points)
Replied 22 September 2009
if the return is filled after due date it will attract interest u/s 234A @ 1% per month
and the assesse will definetly will get a refund but after deducting interest from the refund due
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
