140 A (self asst tax) Vs Interest U/s 234 A & 234 B

This query is : Resolved

S RAMESH KUMAR (Querist)
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31 January 2011 Whether the Interest U/s 234 A and U/s 234B can be calculated after giving the credit for the self asst tax paid.

There is a contradiction between the explanation U/s 234 A, U/s 234 B and U/s 140 A (Self Asst Tax).

Kindly clarify

C.A.Javid Patel

C.A.Javid Patel (Expert)
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31 January 2011 This is very simple when you calculate the Interst u/s 234A,234B & 234C then only self assessment tax will determine.

S RAMESH KUMAR

S RAMESH KUMAR (Querist)
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31 January 2011 In case of regular assessment U/s 143 (3), what would be the interest calculation?

whether it would be as per the explanations of 3(2) of section 234 A, 234 B, by taking the credit for self asst tax (or)

by not taking credit as per the explanations of 1A and 1B of section 140 A

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C.A.Javid Patel

C.A.Javid Patel (Expert)
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31 January 2011 I am not confirmed but i think after giving the credit of Self assessment tax

S RAMESH KUMAR

S RAMESH KUMAR (Querist)
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31 January 2011 I need more opinion

Guest

Guest (Expert)

31 January 2011 What do you mean by explanation 3(2)