Interest 234-A

Am I liable to pay Interest U/s.234 A for filing IT Returns now before 31st December 2020. My IT Returns shows it as payable.
Replies (3)
Quick Summary
This discussion clarifies liability for Interest U/s 234A when filing Income Tax Returns after the deadline. Generally, you are not liable unless your self-assessment tax exceeds £1,00,000, in which case interest may apply from November. Unpaid advance tax as per rules also incurs liability.

You are not be liable
If your self assessment tax is more than 1,00,000 then your liable to pay interest from november.
Have you any advance tax that you not paid as per rule then you will need to pay otherwise not

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