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Interest U/s 234A

06 October 2020

My income tax filing due date was on 31st Jul 2020, however entire self assessment including interest u/s 234A was paid on 15th September only. Now I am going to file return let say on 7th of October 2020. Now my query is, whether I need to pay additional amount of interest for the month of October u/s 234A.?

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3 Replies

Pallavi P (Job) (151 Points)
Replied 06 October 2020

If it is for FY 19-20 , then due date for return of Individual who is not required to tax audit ( Normal Taxpayers) is extended 30th November from 31st July....Hence there is no delay in filing return.

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sunil mandal (63 Points)
Replied 06 October 2020

At present Assessee having self-assessment liability of above 1 lakh, are required to pay interest u/s 234A, if return is filed after their original date of return filing..

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 06 October 2020

Sunil ji, If you paid your tax along with interest 234A (for 2 months i.e August and September) in September, 2020
Than Not required to pay any additional interest, whether you will file your return in October, 20 or November, 20

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