Anantamoorti B P (Student CA Final ) (63 Points)
03 May 2013Hi All,
Whether interest U/S 234 B is to be calculated till the date of payment of taxes or till the date of filing the returns?
for ex. self assessment tax for A Y 2013-14 was paid on 25th of April 2013 by an individual. so whether interest is to be calculated only for one month or for 4 months ( from april to july) ?
amit
(sddsfd)
(116 Points)
Replied 03 May 2013
Obivious up to date of payment. As even you don't file Return, and AO directly takes your case for assessment then interest is up to date of payement only
CAclubindia
