234 a intrest

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sir how can we compute 234A intrest pls show one excample
Replies (3)

S.234A deals with default in furnishing the return of Income

Example: M/s. X ltd. filed income tax return of Rs. 10,000/-  on 10th November. Then interest calculated as 

actual date for filing returns is 30 th septmbr.

then interest is 10,000 x 1% x 2 months = 200/-. 

Thanks u madom for ur valuble suggession
Madom m allso m.com second year student and allso working as an auditor assistant.yester day i got one 143 intimation.that shows the 234A interest is greater than our computation in winman.how that possible


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