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Interest on ITR

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189 Points Posted on 01 September 2021
why interest is payable u/s 234A in my Return though it is to be filed before due date
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On 01 September 2021 at 21:54 Report
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CMA
13117 Points Posted on 01 September 2021
If self assessment tax (>1 lac) is paid after 31st July, then interest u/s 234A would apply. No relaxations for interest u/s 234A if filed after 31st July.
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On 01 September 2021 at 22:11
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Chartered Accountant
24588 Points Posted on 02 September 2021
Agree with poornima
129 Reply
On 02 September 2021 at 12:07
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189 Points Posted on 02 September 2021
But I am a senior citizen suggest me
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On 02 September 2021 at 12:11
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CMA
13117 Points Posted on 02 September 2021

In case of senior citizens, if there is income from business or profession, then advance tax would be payable.

So, if you have business/professional income and if you have not paid tax on/before 31st July, then interest would be levied.

92 Reply
On 02 September 2021 at 12:38
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189 Points Posted on 03 September 2021
I have no business imcome only my pension is taken as income
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On 03 September 2021 at 12:47


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