WebJun 20, 2024 · Section 234A of the income tax act provides for levy of interest against delay in filing the income tax return. The applicable interest rate is 1% per month or part of the … WebUnder Section 234A, interest is chargeable for default in furnishing a return of income. Levy is attracted ... In Explanation 1 and in sub-section (3) "tax on the total income determined under sub-section (1) of section 143" shall not include the additional income-tax, if any, payable under section 143.
Income tax compliance due date extended for AY 2024-22 but ... - Taxontips
WebJul 4, 2024 · If you miss this deadline, you will have to a pay penal interest under section 234A of the Income-tax Act, 1961. According to a press release issued by the Central Board of Direct Taxes on June 24, 2024, individuals with self-assessment tax liability up to Rs 1 lakh can pay it till November 30, 2024. However, no extension has been granted to ... WebApr 13, 2024 · Itr filing last date ay 2024 24: the last date to file the income tax returns (itr) for income earned in fy 2024 2024 will be july 31, 2024. usually, the itr filing deadline is july 31 and it is expected to be the same this year. Itr Filing Due Date For Ay 2024 20 Further Extended To 30th Sep 2024. Itr Filing Due Date For Ay 2024 20 Further ... fnf x project playtime funkin
234A: Interest Payable Under Section 234A of Income Tax Act
WebAug 11, 2024 · Tax Payable = Tax On Total Income-TDS & Relief under section 89/90/90A Thus it is clear under the section 234A with 139 (1), a taxpayer is subject to furnish the interest u/s 234A if: He is liable to furnish the tax He does not furnish the ITR up to 30th Sep 2024 (Non-Audit Case) or 30th Nov 2024 (Audit Cases) WebApr 12, 2024 · For the financial year ending March 2024, the due date for return filing under section 139(1) of the Income Tax Act is 31st July 2024. Here we are assuming no extensions. ... on the amount of tax remaining unpaid as per section 234A. Payment of full taxes with interest is a requisite for filing your returns in this case. WebEmployers withholding City income tax are required to . file the . City of Detroit Income Tax Withholding Monthly/Quarterly Return (Form 5323) either monthly ($1,200 or more … fnf x sonic