17 May 2013
IF WE ARE PAYING TAX AFTER DUE DATE WITH INTEREST U/S 234A,234B,234C AND AFTER THAT WE HAVE FORGOT TO FILE RETURN NEXT 2 MONTHS THEN IS THIS ATTRACT THE INTEREST U/S 234A EVEN TAX WITH INTEREST HAS BEEN DEPOSITED.
17 May 2013
Dear Naveen Interest u/S 234A wiil be levied commencing on the date immediately following the due date of furnishing the return and ending on the date of furnishing the return.
So,in this case you have to deposit Interest of delayed 2 months under section 234A.
17 May 2013
plz refer CIT v Prannoy Roy 2009 179 Taxman 53 (SC)...if tax deposited before due date of filling return and return filed belatedly..no interest will be chargeable...bt in your case when tax paid after due date of return, so interest will be chargeable for the two months also...
24 May 2013
when chakrapani sir is expressing an opinion, definitely there is some strong backing....so you are suggested to study pranay roy case to reach on conclusion...
CAclubindia
