Itr-4 e-filed, intimation us 143(1) shows more interest

ITR Filing 778 views 2 replies

yashsr

2285 Points Posted on 18 June 2012

Hello,

An assessee filed its ITR-4 on March 31st 2012 for AY 2011-12. Since he had income above taxable limit, he was liable to interest u/s 234A,B & C. As per the electronic form ITR-4, Interest computed was:

234A: ITR4: Rs.1288 143(1): Rs.1288

234B: ITR4: Rs.1932 143(1): Rs.2093

234C: ITR4: Rs.593 143(1): Rs.590

Total Interest: ITR4: Rs.3813 143(1): Rs.3977

So after rounding off to nearest 10, the intimation has increased my interest by Rs.160. First off all, which one of these is correct? Why the difference? And am I required to pay this Rs.160 now? Or is there any chance I pay extra in my next year's return?

Replies (2)

V K Bajaj

Accountant

1540 Points Posted on 19 June 2012

Pay now and sleep free of worries. On making payment you need not to inform any one. System will do all the job.

Rs. 160 is too petty amount so you should have avoided posting question. No One will make calculations for you.

contact @ vkbajaj.co.in

yashsr

2285 Points Posted on 19 June 2012

Originally posted by : V K Bajaj
	Pay now and sleep free of worries. On making payment you need not to inform any one. System will do all the job. Rs. 160 is too petty amount so you should have avoided posting question. No One will make calculations for you. contact @ vkbajaj.co.in