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Quantum of interest on ITR
Sir, If the tax payer's payable amount is nil i.e. his taxable income is with in the limits,and if he submits ITR-1 for AY 2021-22 before 30-09-2021 whether any interest is imposed under 234 a or 234 b,234c.
Replies (17)
Quick Summary
No interest will be imposed if ITR files within due date
Thank you sir
Your welcome
interest is not imposed
But the e-filing site showing Rs.1000 u/s 234B as delay in filing return in my case. Please clarify?
1000 as per Section 234F not applicable
Wait for 2 3 days bcoz website not updated ae per 30th September 2021
Penalty will be payable 234F
No Samantha ji penalty will not be payable u/s 234F
Read circular carefully.It extend s date but does not waive penalty which is different section!
Samantha Ji 234 F late fee is payable after the due date,
They are charging now interest under section 234A , if your tax liability is more than 1Lakh
They are charging now interest under section 234A , if your tax liability is more than 1Lakh
Samantha ji section 234F applicable only in case of late filing
Kagaz unka kalam unki kaun rokega?
What???
Mr. Sourav just chill, she is just giving non sense answers on penalty without any base.
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