234 (a)

In simple words, interest @ 1% per month is payable under section 234 A of IT act on the amount of income tax paid after the due date for filing of the return. Due Dates for Filing of Returns For Corporate assessee who are required to furnish report u/s 92E of the IT Act 31st November 2013 For all other Corporate assessee. 30th September 2013 For non … [Read more...] about Section 234 A – Interest payable for default in furnishing the return of income