234 a intrest
vishak (accounts) (488 Points)
28 April 2014
sir how can we compute 234A intrest pls show one excample
3 Replies
Devaki Reddy
(Article assistant)
(80 Points)
Replied 28 April 2014
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/-.
vishak
(accounts)
(488 Points)
Replied 28 April 2014
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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