Meaning of Month u/s 234A
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2011
Please let me know meaning of Month for Calculation of Interest u/s 234A. If the Due Date for filling Return is 04/08/2010 for Asstt. Yr. 2010-11 and Original Return has been filled on 02-03-2011. Please let me know of how many months Interest would be chargeable. Month shall start from 04/08/2010 or 01/08/2010.Period of Interst sahll be from 04/08/2010 to 02/03/2011 (7 Month) or 01/08/2010 to 02/03/2011(8 Month)
08 July 2011
interest is calculated on monthly basis and part of the month
in your case interest will be charged for the 9 months
in your case interest will be charged for the 9 months
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2011
Sir in any case it cannot be 9 Months. Please let me explain how it comes to 9 Month
11 July 2011
AUG, SEP, OCT, NOV, DEC, JAN, FEB, MARCH--
YES INTEREST WILL BE PAID FOR 8 MONTHS
YES INTEREST WILL BE PAID FOR 8 MONTHS
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