24 February 2015
A LTD HAS FILED RETURN ON 29.3.2014 WITHOUT SELF ASSESSMENT TAX PAYMENT OF Rs. 1 CRORE FOR AY 12-13. THEY HAVE CHARGED INTEREST U/S 234A, 234B & 234C. NOTICE FOR DEFECTIVE RETURN HAS BEEN RECEIVED ON 15.1.2015. SELF ASSESSMENT TAX HAS BEEN PAID OF Rs. 1 CRORE ON 15.2.2015. THERE ARE CERTAIN QUERIES :
1)WHETHER RETURN IS TO BE REVISED OR NOT ?
2)SINCE PAYMENT HAS BEEN MADE AFTER 15 DAYS INTEREST U/S 234A IS APPLICABLE OR NOT ?
3)SINCE PAYMENT HAS BEEN MADE AFTER 15 DAYS INTEREST U/S 234B IS APPLICABLE OR NOT ?
26 February 2015
AT THE TIME OF FILING THE RETURN OF AY 2012-13 INTEREST U/S 234A IS CALCULATED UPTO 29.3.2014. NOTICE FOR DEFECTIVE RETURN IS RECEIVED ON 15.2015. A LTD HAS PAID SELF ASSESSMENT TAX AFTER 15 DAYS FROM RECEIPT OF NOTICE I.E. 15.2.2015. SINCE IT IS DEFECTIVE RETURN WHTHER INTEREST U/S 234A IS CALCULATED FROM 1.4.2014 TO 15.2015 ? REPLY
CAclubindia
