Dear friends
I heard that the due date for filing income tax return for individuals is extended up-to 30 September.
However please let me know if interest under 234A 234B 234C will be leviable if you don't file the return within 31july
Yes, the due date has been extended up to 30th Sep 2021.
Interest will be levied if filed after 31st July where the net tax payable is >1 lac.
Net tax payable is the tax that is due after adjusting advance tax, self assessment tax, TDS/TCS credits, relief, rebate etc from the tax liability.
CAclubindia
