08 October 2014
Dear Sir, In case of a firm whose accounts are audited u/s 44AB, if the partners of that firm files their individual return in Oct 2014. Then they have to pay interest u/s 234A @ 3% ie for Aug, Sep, Oct. or They have to pay only for Oct 2014 @1%
I am asking it becasue itr 3 utility is calculation only Rs. 47 interest on the Income tax of Rs. 4700/-.