suppose the assessee is filing late return but his refund is coming, then also he/she will be liable to pay interest.
Q. salary income 234716.00
deductions 73122.00
TDS 1200.00
due date of filong ROI 31st july2011 but actually filed on 22nd august 2011.
Exemption Limit is Rs.160000.00
Plse answer the above question
the provision of 234A has been added so that the revenue does not lose any revenue, if refund is arising on your part then no need to pay interest u/s 234A
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
