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234A

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(Querist)
30 December 2009 an assessee remit tax u/s140A within due date but not filed his return within due date,.can AO can charge interest u/s 234A?? what are the other consequences to assessee??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 December 2009 A.O will charge interest under section 234A. Can seek remedy in appeal based on the following decision.
CIT Vs. Dr. PRANOY ROY (2009)309 ITR 231 (SC).
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
30 December 2009 Dear Kumar
Interest u/s 234A is based on Filing of Return & not on Payment of Tax, since you have not filed Return within due date as mentioned u/s 139(1) so AO can levy the interest u/s 234A
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
30 December 2009 Agree the above view of expert
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