Interest u/s 234A
This query is : Resolved
03 August 2009
For the Assessment Year 2009-10,an assessee had tax payable of Rs.10000.00.The tax sahll be paid during this month(August)but due to certain circumstances the Return can be filed only on December.Kindly guide me how to calculate Interest under Sec 234A.
05 August 2009
Interest liable from the last date of filing to the date of payment of tax
Hence interest for one month @ 12% p. a. i. e. 1% of Rs. 10,000/- = Rs. 100/-
Hence interest for one month @ 12% p. a. i. e. 1% of Rs. 10,000/- = Rs. 100/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Cash sale limit for gst sales to unregistered party
- Seeking Clarification for Tax rate and reversal of ITC claimed on Ground Mount Solar Plant
- Registration deed & Assignment deed
- TDS on changed Total Consideration Value of Flat
- Non resident status & Taxation in India
- Payment of demand raised tru DRC 07
- GST einvoice for export service error
- DOCUMENTS APPLICABLE & MENDATORY FOR GOODS MOVEMENT FROM UNIT-1 TO UNIT-II.
- AI for getting replies for income tax notices
- 194N and 194NF
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
