For Information of all.
The filing date for ITR-1, 2, 3 & 4 for AY2025-26 has been extended to 15 Sep 2025 from the original 31 Jul 2025. But I-T Department has not given any clarification regarding the PENALTY for payment of Self Assessment Tax after July 31,
Many have been wondering about the Self Assessment Tax payment after 31 Jul 2025, whether that would attract Penalty Interest under Section 234A. And many views have been posted on News Channels and in this forum.
Just to make sure, today rechecked the Self Assessment Tax being calculated by the Excel Utilities for ITR-1 Ver1.1, and ITR-2 Ver 1.0, for filing in August 2025.
Found that the Self Assessment Tax calculated by the Excel Utilities for August 2025 are being increased compared to Self Assessment Tax calculated for July 2025.
I Could not check the method of calculations being done by the utilities but the Self Assessment Tax is definitely increasing.
Have not tested for ITR-3 and ITR-4, but expect same result.
CAclubindia
