Interest U/s 234A

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If the net tax payable is Rs. 600 & TDS Rs. 45000 & due date of filing of return of income is 31st July but return is filed on 1st Feb 2011 so whether interest u/s 234A will be charged or not????????

Replies (2)

Hi ram, then this turns out to be a case of refund. I Feel interest u/s 234 A is not leviable. Other views are also invited.

interest not chargeable, becoz its a refund case.
 


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