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234 A interest
Direct Taxation
Sec. 234A says No int. U/s.234 A if tax paid on or before Due date & even if Return filed after due date As per U/s 234A Tax Outstanding on ROI Due date* 1% * No. Of months/part till difference tax amount paid OR ROI is filed ????
Answers (7)
CA Suraj Lakhotia Admin
Till tax amount is paid.
Sir as per ICAI study material it's written that Ending on date of furnishing return.
CA Suraj Lakhotia Admin
If all tax has been paid before return filing, there will not be any interest for the balance portion
If all the tax paid then sir what do u mean by balance portion ?
Yoga Vishnu
If entire tax is paid in form of TDS, Advance tax, self assessement tax, then interest under this section is not applicable.
As per U/s 234A Tax Outstanding on ROI Due date* 1% * No. Of months/part till difference tax amount paid OR ROI is filed ???? As per ICAI material it's till ROI filed As per sir it's tax paid .
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