Originally the ITR has been filed on time ... afterwards it has been revised but after the due date then my query is
IS SEC 234A i.e Interest applicable??
5 Replies
Jaiveer Singh Rawat
(Learner)
(130 Points)
Replied 01 February 2013
Hi Sohil
First please confirm that what are the changes you have made & filed revise return. It has 2 cases :
1. If there is no increased income or nill return than there is no interest penality applicatble u/s 234A
2. If income has been increased than interest u/s 234A will be charged.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 06 February 2013
if teh return is being filed within the time allowed u/s 139(1) or (4) then interest u/s 234a would not be applicable.
in your case you have filed your original return on or before the due date. AFter that you had revised the return but it is after teh due date. This would not matter and you wont be liable to pay interest u/s 234A.
(Guest)
| Originally posted by : Jaiveer Singh Rawat | ||
 |
If income has been increased than interest u/s 234A will be charged. |
 |
234A will be charged in this case only if the income is revised.
CA. Kapil Goel, DISA(ICAI)
(cakapilgoel.wordpress.com)
(2191 Points)
Replied 08 February 2013
Interest under section 234A will be levied if income is increased in revised return.
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