venkat (Accountant) (222 Points)
01 December 2011Dear all,
Yesterday(nov 30) I have calculated interest on income tax and paid tax and interest thereon. But not filed IT return 4. I am going to file my return after 2 days.(december 3).Shall I have to pay interest for december month. If yes how many days shall I take.For total december month(31days) or difference of 30th november to 3rd december(days).
Please advice as soon as possible.
Thanks to all
venkat
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1829 Points)
Replied 01 December 2011
Interest on Income Tax is calculated on monthly basis and hence you have to calculate up to 31st december
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 01 December 2011
No need to pay interest for Dec as no tax is PAYABLE after 30th Nov.
you can file your return without paying extra interest charges for this month
Mohit Jangid
(Article)
(141 Points)
Replied 01 December 2011
interest u/s 234A is required to be paidby you for whole month of december as there is delay is filing of return...
if u would have paid whole of the self assessment tax prior to 31/7/11 or 30/09/2011 as the case may be..no interest would have been levied on you as per superme court in case of cit v. dr. prannoy roy
| Originally posted by : Mohit Jangid | ||
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interest u/s 234A is required to be paidby you for whole month of december as there is delay is filing of return... if u would have paid whole of the self assessment tax prior to 31/7/11 or 30/09/2011 as the case may be..no interest would have been levied on you as per superme court in case of cit v. dr. prannoy roy |
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Concur with this reply
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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