Dear friends
I heard that the due date for filing income tax return for individuals is extended up-to 30 September.
However please let me know if interest under 234A 234B 234C will be leviable if you don't file the return within 31july
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Individual IT return
Replies (6)
Quick Summary
Yes, the due date has been extended up to 30th Sep 2021.
Interest will be levied if filed after 31st July where the net tax payable is >1 lac.
OK net tax payable means it is self assessment tax.
am I correct
am I correct
Net tax payable is the tax that is due after adjusting advance tax, self assessment tax, TDS/TCS credits, relief, rebate etc from the tax liability.
Net tax is the tax payable after adjusting advance tax, self assessment tax etc
@ cma poornima
@ Sourav
Thank you very much
@ Sourav
Thank you very much
Your welcome
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