WHY MONTHLY INTEREST ON ITR FILLING

This query is : Resolved

Rajendra Singh Manwal (Querist)
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16 November 2021 Dear Sir /Madam

We Have Paid challan of Income Tax for F.Y. 2020-21, Amounting aprox. 25,00,000+ Intt. upto Sep-2021 before 30th september-2021 but now at the the time of filling of income tax return today the interest amount is showing to be deposit as per CA Sir
My question is why interest calculate ? whereas we have paid intt, upto sep 2021 but not filed ITR due to last date extended of ITR Filling up to 31Dec.2021. Kindly provide brief Information. and which section interest will be paid ?
I am not understand this is interest on Income Tax Amount or Late Filling ? Sir we should pay interest compulsory or not ? before filling ITR Kindly give your valuable advice.

Thanks & Regards
Raj

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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17 November 2021 Interest can be levied under 3 different sections 234A (for filling return after due date), 234B (if advance tax is <90%), 234C (if proportionate advance tax for the quarter is not paid).
Google these sections for more information.