CA Atul Gangwar (Coal India manager) (100 Points)
29 December 2010
( Author )
29 December 2010
when we have filed original ROI within due date and paid total tax amount due at that time.now we are revising the same return with some additional income.now my question is that whether 234 A will be apply upon me or not.
if yes, then how to calculate the interest amount under the same section.
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26258 Points)
Replied 29 December 2010
Interest to be calculated from the due date to present date of payment ( every part of the month is to be taken as a full month).
A G Vishal Kirthic
(Chartered Accoutant)
(236 Points)
Replied 30 December 2010
Revised return U/s 139(5) substitutes the original return and hence it is presumed that the date of filing the return is nothing but the date on which the original return was lodged. Therefore, there is no question of 234A interest here as the original return was filed withing the due date.
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