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.
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
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