Poonawalla fincorps
Poonawalla fincorps

Interest u/s 234a

This query is : Resolved 

16 April 2014 hello sir/ madam, I hv to file itr for income from other sources for a.y. 2012 - 2013 and a.y 2013 - 2014. can I file itr manually? income from other sources for both a.y. is below tax exemption limit. can I incurred any interest u/s 234 a for default in furnish return? kindly advice. Thanks

16 April 2014 Hi Pudalik,

Why do you need to file returns manually when you can very well do it online from ITD website!

Since the filing for the mentioned assessment years are after the due date, you may incurred interest for delay filing which will be 1% simple interest monthly u/s 234A along with non-payment/short payment of advance tax u/s 234b & 234c. As suggested file returns online so that you will come to know how much exact interest you need to pay in case there is any tax liability.

16 April 2014 given that your income is below taxable limit, no 234A interest is attracted.




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