MY QUESTION IS THAT IF WE PAID INTEREST ON INCOME TAX u/s 234a,b & c upto 31/10/2012 for A.Y. 2012-13, but we filed return in month of Nov-'12, SHOULD WE PAY INTEREST OF NOVEMBER MONTH ALSO?
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Income tax return filing
Replies (2)
Interest will be paid month or a part of month thereof so you have to pay interest for november also.
Yes, you have to pay interest for the late payment for the month of November also.
Interest is to be calculated for a month or a part of the month.
Even in case of refund of Tax, department is giving interest on part of the month.
Regards,
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