Interest on ITR
Mahesh Chandra Mohapatra (189 Points)
01 September 2021
why interest is payable u/s 234A in my Return though it is to be filed before due date
Mahesh Chandra Mohapatra (189 Points)
01 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 01 September 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 September 2021
Mahesh Chandra Mohapatra
(189 Points)
Replied 02 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 September 2021
In case of senior citizens, if there is income from business or profession, then advance tax would be payable.
So, if you have business/professional income and if you have not paid tax on/before 31st July, then interest would be levied.
Mahesh Chandra Mohapatra
(189 Points)
Replied 03 September 2021
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