Interest on delayed IT payemt

Hi... Shailesh

As per Section 234A for defaults in furnishing return of income : If the return of income is furnished after due date or is not furnished, the assessee is liable to pay interest under section 234A

Rate of Interest :- 1 per cent per month (simple interest)

Regards

Sagar Zankhariya

Sagar

Thanks  for reply

I also think so which is confirmed by u

-shailesh