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Interest on ITR
why interest is payable u/s 234A in my Return though it is to be filed before due date
Replies (5)
Quick Summary
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.
Agree with poornima
But I am a senior citizen suggest me
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.
I have no business imcome only my pension is taken as income
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