Section 234 A – Interest payable for default in furnishing the return of income

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 … Read More » "Section 234 A – Interest payable for default in furnishing the return of income"