Interest U/s 234A for revised return

This query is : Resolved

Muneer Ahamed (Querist)
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15 December 2009 Income tax return is filed within due date. Afterwards the same is revised showing additional income. Whether interest U/s 234A is applicable for the additional income offered.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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15 December 2009 Yes. 234A is applicable for additional tax liability on account of addition in income in revised return. Revised return replaces the original return. However, in case of additional tax in revised return, 234A has to be paid.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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15 December 2009 Yes it is. When u Revised your return Its effect the Section of due date. So,Date of Filling is Important u/s 234A,B,C

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Muneer Ahamed

Muneer Ahamed (Querist)
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15 December 2009 Thank you for your valuable information. Whether the same will be applicable if We are claiming additional deductions in the revised return and claiming refund of tax already paid

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 December 2009 If a return is revised under section 139(5), interest under section 234A cannot be levied on differential tax because section 234A applies to returns filed under sections 139(1),(4) and 142(1) only.