I had filed IT return of a client on 30/01/2013 for A.Y 2011-12(Tax Audit Case). but i had already paid the net tax payable along with interest on 25/10/2012. Now i have got an intimation U/S 234 A to pay interest for that 3 months extra. but software didn't recognized any interest as the tax was already paid in October. whose view point is correct... please reply as early as possible.
27 April 2013
U/s 234A You are liable to pay 1% p.m interest for delay in filing return. Please note that interest is payable on the amount due but in your case you have already paid the interest so in my view you need not to pay interest for that additional 3 months. You can write to the Assessing Officer.
CAclubindia
