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matter of income tax

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28 November 2010 good morning sir,
sir plz tell me if a person late deposit their income tax return after due date( 31 july) than he paid interest @1.50%. but sir when a co. and firm late deposit their income tax return after due date( 31 july or 15 october) than he paid interest @1% .what is the reason of it

28 November 2010 U/s 234A rate of interest for all assessee is 1%.

28 November 2010 agree only 1% of interest from aug to return filing month to all assesee




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