Sec 234A

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I want to know whether interest u/s 234A is applicable if self assessment tax is paid before the due date of filing of return, say august (in case of non auditees) but return is filed after the due date has passed, ie. after july say january.

Replies (9)

yes section 234a will be applicable.

section 234A will not be applicable if return is filed after due date and tax is paid before due date of return of income as per supreme case decision in case of DR. PRANNOY ROY.........

Yes, Sec 234A will be applicable and the interest will have to be paid.

Originally posted by : GAURAV JAIN
section 234A will not be applicable if return is filed after due date and tax is paid before due date of return of income as per supreme case decision in case of DR. PRANNOY ROY.........

INTEREST U/S 234A IS NOT PAYABLE AS THERE IS NO LOSS OF REVENUE TO DEPTT.

Please tell me on what amount will you calculate tax u/s 234A ? if full tax is paid before due date, while calculating 234A, interest is on shortfall of amount right? There is no shortfall, so calculate interest on 0, which is 0 ! I have been doing this till date, for almost 3 years, no problem as of now..  

Originally posted by : sunny

Please tell me on what amount will you calculate tax u/s 234A ? if full tax is paid before due date, while calculating 234A, interest is on shortfall of amount right? There is no shortfall, so calculate interest on 0, which is 0 ! I have been doing this till date, for almost 3 years, no problem as of now..  

agree

NO INTEREST IS TO BE LEVIED U/S 234 A IF FULL TAX IS PAID BEFORE DUE DATE ALTHOUGH RETURN IS FILLED AFTER DUE DATE .

If you paid self assement tax  before due date and that case section  234 A is not applicable,

Thankyou all for replying 2 my query.Interest u/s 234a will not be applicable as there is no amount due to charge intereston it. Here is the case law attached file which gaurav quoted.


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