Mandatory & Penal Interest - Section 234A

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..... :- 1% per month or part of the month simple interest. (b) Period:- The interest will be payable for the period commencing from the date next following the due date specified u/s 139(1) and ends on: (i) In case where ROI is filed, the date of filing of ROI, (ii) In case where ROI is not filed, the date of completion of assessment u/s 144 / 147 / 153A . Note:- Part of .....

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..... sment tax) (a) Substitute the words Tax determined u/s 143(1) or on assessment u/s 143(3) / 144 / 147 / 153A by the words tax on income declared in ROI . 4. Interest payable under this section shall be reduced by the interest. If any, paid u/s 140A or otherwise. 5. In case where an assessee has failed to furnish ROI, then interest u/s 234A shall be applicable. .....

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..... Less: (i) Tax deducted/collected at source - (ii) Advance Tax Paid - (iii) Amount of tax Relief u/s 89 , 90 and 90A and deduction of income tax payable u/s 91 , - ( .....

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..... ble u/s 91 , - (iv) Tax Credit allowed to be set off u/s 115JAA / 115JD from tax on the total income. - Amount on which interest is payable - Interest paid u/s 140A was computed as under: Amount on which inter .....

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