Interest u/s.234A and late filing fee 234F
Mohan Kale (358 Points)
30 September 2019Mohan Kale (358 Points)
30 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 30 September 2019
1. Interest u/s 234A @ 1% will need to be payable on the Net tax liability payable after deduction of TDS and advance tax.
2. Sec 234F deals with default in filing the ROI. Penalty will be levied based on the filing of return.
3. If you have filed your ROI before the extended due date then both the above sections will not be applicable.
Please correct me if the above solution has an alternative view.
Kapadia Pravin
(17254 Points)
Replied 30 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 30 September 2019
Yes, I accept. I read the notification.
sabyasachi mukherjee
(27107 Points)
Replied 01 October 2019
Mohan Kale
(358 Points)
Replied 01 October 2019
sabyasachi mukherjee
(27107 Points)
Replied 01 October 2019
Live class on PF & ESI Enrollment & Returns Filing(with recording)