Peter (Article Assistant) (118 Points)
01 April 2017Will interest under 234A be levied in a case where Income Tax Return is filled on or before due date under 139(1) but Tax is not paid while filling Return for AY 17-18.
Question is asked since return filled without payment of tax is not a Defective return as per ammended Law.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 01 April 2017
" Will interest under 234A be levied in a case where Income Tax Return is filled on or before due date under 139(1) but Tax is not paid while filling Return for AY 17-18. "
Is it possible to upload such (tax-due) return online, for this year?
Peter
(Article Assistant)
(118 Points)
Replied 01 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 01 April 2017
No, you are not wrong as regards to amendment for Defective return; which means it will be processed as normal case, but where question arises for not charging interest on the tax liability?
CAclubindia
