Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

INTEREST U/S 234 A IN AY 20 21..

227 views 3 replies

shobhit chandra

9 Points Posted on 29 November 2020

DEAR PROFESSIONALS,

WHILE FILING ITR FOR AY 20 21 OF A CITIZEN AGED 60 ABOVE , I AM GETTING INTEREST U/S 234 A, IT IS APPLICABLE IF WE FILE BEYONG DUE DATE, BUT AT PRESENT GOVT HAS EXTENDED THE DUE DATE. SO WHY THIS INTEREST IS LEVIED??

PLSEASE DO COMMENT WITH REASON.

Replies (3)

M BABU

205 Points Posted on 29 November 2020

234A is applicable as per CBDT circular, time is extended for filing return , but 234A will be calculated after due date as per 139 of income tax act

Deep Ranjan

article

113 Points Posted on 30 November 2020

Hi shobhit

Download the lastest java utility to file itr.
it will definitely solve your problem

shobhit chandra

9 Points Posted on 30 November 2020

I HAVE GOT THE ANSWER, THERE WAS A NOTIFICATION IN JUNE 20, THAT THOSE HAVING TAX LIABILITY ABOVE 1 LAKHS WILL HAVE TO DEPOSITE TAX BEFORE 31 JULY, AS I HAVE TO PAY TAX OF RS 117000 THAT TOO AFTER 31 JULY. SO THEY ARE CHARGING INTEREST