Interest u/s 234 a

171 views 2 replies
ASSESSEE is a company a) Due date is 30 Nov 2014 . b) Date of filing ITR is 12-02-2015 c)self assessment tax paid on 07-01- 2015 d)Final self assessment tax paid on 09-02-2015 ie; before filing ITR My doubt is whether for computation of interest under section 234A , self assessment tax paid on 07-01-2015 should be consider or not. Company received intimation u/s 143(1) stating that : interest under section 234A is computed with out considering self assessment tax . Please suggest me what is correct procedure for computation of interest U/S 234A
Replies (2)

Benefit of Self Assessment Tax paid on 07.01.2015 will not be available.

As per law, for calculation of interest u/s 234A, benefit of Advance Tax, TDS, Relief u/s 90/90A/91 and Mat Credit is available. This is as per section 234A.

Thank You Pooja for reply

 

For computation of interest U/s234B, Whether self assessment tax paid on 07-01-2015 will be considered ?

ITR filed on 09-02-2016.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register