Total Tax Liability : ₹ 1,00,000/-
Due Date of filling Return : 30.09.2019.
Date of filling Return is : 01.10.2019.
My question is will Interest u/s 234A will be levied in this case for 1 day delay ???
If YES , the computation ???
Will it be Rs. 1,00,000 × 1% × 1 = Rs. 1,000 ???
Reply ASAP...
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Interest under Section 234A...
Replies (5)
Yes, your computation is correct.It is 1% simple Interest for every month or part of the month.
Yes
The interest under section 234A is payable for a every month or part of month.
i.e one day late filing will considered as one month
accordingly your calculation of interest is correct.
The interest under section 234A is payable for a every month or part of month.
i.e one day late filing will considered as one month
accordingly your calculation of interest is correct.
Yes right
Yes right
It's on total tax liability as reduced by TDS and Advance tax payments.
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