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Need to clear doubt in filling of U Return

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18 July 2022 Sir/Madam

Please clear foll. doubt in filling of U Return-
> Person have salary income, other source income and have net taxable income > 5 lacs ??
> Person have salary income, other source income and have net taxable income Person have salary income, SB Int. Income and STCG/LTCG ??


19 July 2022 Yes in all such cases having taxable income file ITR U.

19 July 2022 Sir,

Penalty and late payments of interest??


19 July 2022 25%/50% additional tax payable along with interest for late payment.

19 July 2022 Sir interest rate 15% or 18%?

19 July 2022 12% interest applicable.


Interest Penalty under Sections 234A, 234B and 234C

19 July 2022 Thank you sir for prompt reply



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