Please Help whether any interest is payable on Belated Return if the tax liability is NIL.
AY 2009-2010
Date of Filling of Return is 26th Dec'2009
6 Replies
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 24 December 2009
No Superman...... Not At All.............
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 24 December 2009
Hi, as tax liability is nil, there will be no interest...
CA. Megha Topiwala
(Job)
(1534 Points)
Replied 24 December 2009
hey... Interest is calculated on tax liability... bt if there is no tax liability no ques of interest..
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 24 December 2009
INTT. IS NOT IMPOSED BECAUSE TAX LIABILTY IS NILL.
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