11 December 2007
As per section 194A- Interest is chargeable on the toal tax on the total inome determined under sub section (1) of section 143 and........ as reduced by the aount of:- a) Advance Tax paid b) TDS or TCS c)Relief u/s. 90 d)Deduction u/s. 91 e)Tax Credit allowed.
Do you think that in your case amount of tax remains in your case on which interest u/s. 234A can be levied?
11 December 2007
interest is compensation for amount not paid.........in your case if nothing is payable as per provisions of act as explained by our brother omprakash .....where is the question of interest
CAclubindia
