08 August 2011
i have filed a Salary return for A/y 2010-11 on 30/07/2011 Return contain tax which was adjusted against TDS.
Know when i calculate tax it shows interest of Rs. 767 in itr-1. i file return without paying Interest and also missed to show the same in return. can i pay interest know and till when.
plz tell me some solution
on what amount know interest will if i pay interest after sometime
is this return will be valid what alternative course of actions can be taken as it cannot be revised
08 August 2011
The demand notice will come as a routine (for IT department). Pay the demand on receipt of intimation order. You will not be penalised for the same except the amount or interest becoming due till the date of assessement.
08 August 2011
Do not worry if there was no tax payable after adjustment of TDS, no tax or interest remains payable by you. If the computer has generated interest due to you mismatch filling the form then it is possible otherwise NOT. If there is any interest payable wait till you are intimated by the INCOME TAX DEPARETMENT
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