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Interest u/s 234a/b/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2013 Sir one of client has to file his return for the asst. year 2007-08, in response the notice u/s 148, will the interest u/s 234A/B/C applicable or not on the tax payable

Pl clarify
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 August 2013 Yes. Sec.234A will apply since the return filed belated and sec.234B & C only apply incase you are not paid the tax also on or before due date

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