30 September 2010
Dear Experts, Since the due date for filing the tax audit return has been extended for another 15 days for payment of self assessment tax on 1st Oct, should i have to include the interest u/s 234A? Thanks for providing me the answer. With regards, Rajesh.
30 September 2010
No 234A will not be applicable . As per sec 234 A if the return is not furnished by due date of sec 139(4) or 142(1) , interest u/s 234A is applicable.
Section 234A is for default in filing return. In the present scenario, the due date is 15/10/10, so not interest under 234A will be levied for these 15 days.