when we calculate the Interest under S234A for late return filing in that case we have to calculate it on tax amount or on tax plus fees u/s234F
for eg-
tax amount -50000
234F fees- 5000
than interest will be on-
a) 50000 or
b) 55000
I referred Vinod Gupta sir book he is calculating on 55000 but I am doubtful about that
so can u please suggest me what should I do in exam?
CAclubindia
