15 December 2009
Income tax return is filed within due date. Afterwards the same is revised showing additional income. Whether interest U/s 234A is applicable for the additional income offered.
15 December 2009
Yes. 234A is applicable for additional tax liability on account of addition in income in revised return. Revised return replaces the original return. However, in case of additional tax in revised return, 234A has to be paid.
15 December 2009
Thank you for your valuable information. Whether the same will be applicable if We are claiming additional deductions in the revised return and claiming refund of tax already paid
15 December 2009
If a return is revised under section 139(5), interest under section 234A cannot be levied on differential tax because section 234A applies to returns filed under sections 139(1),(4) and 142(1) only.
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