Hello,
An assessee filed its ITR-4 on March 31st 2012 for AY 2011-12. Since he had income above taxable limit, he was liable to interest u/s 234A,B & C. As per the electronic form ITR-4, Interest computed was:
234A: ITR4: Rs.1288 143(1): Rs.1288
234B: ITR4: Rs.1932 143(1): Rs.2093
234C: ITR4: Rs.593 143(1): Rs.590
Total Interest: ITR4: Rs.3813 143(1): Rs.3977
So after rounding off to nearest 10, the intimation has increased my interest by Rs.160. First off all, which one of these is correct? Why the difference? And am I required to pay this Rs.160 now? Or is there any chance I pay extra in my next year's return?
CAclubindia
