234 a

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Achuth Kumar (Querist)
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20 May 2013 One person to file returns from ay 2007-08 . there is a tax liability in the year 2007-08 Rs 4000. should I calculate interest u/s 234 A. No tax paid till now.

Ganeshbabu K

Ganeshbabu K (Expert)
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20 May 2013 YES, 234A will be applicable

Guest

Guest (Expert)

21 May 2013 But how he is filing the return from A.Y 2007-08

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Suresh Mittal

Suresh Mittal (Expert)
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21 May 2013 You cannot file your return for period prior to A.Y.2012-13 now as u/s 139(4)belated return can be filed within one year from the end of respective Asst Year. Only Exception in case you receive notice u/s 142(1).

Guest

Guest (Expert)

21 May 2013 Expert Suresh rightly said.

Ganeshbabu K

Ganeshbabu K (Expert)
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21 May 2013 it will be possible under sec.119(2) read along with circular 8/2001 dated 16/05/2001,

as per this ,
condonation of delay,

return may accept by the departement by levying a penalty or may not,

Suresh Mittal

Suresh Mittal (Expert)
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21 May 2013 As per Circular 8/2001 return in which claim of refund is there or return with carry forward loss only can be filed with conditions mentioned in Sec 119(2).

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Ganeshbabu K

Ganeshbabu K (Expert)
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21 May 2013 yes,it is,,thanks for correcting me sir,

I have understood NOTIFICATION wrongly,..THANKS FOR CORRECTING

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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07 July 2013 First decide under which section you are filing your return. The time limit hs expired u/s 139(1) & (4). If you file your return physically then you have to charge interest u/s 234A only from the 1`st April to the date of filing of the return. No 234B and 234 C shall be charged as the tax payable limit is blow advance tax limit.