alleryStart learning →From when does section 234A interest begin to run?
AThe date of assessment order
BThe day the return is filed
CThe day after the due date
DThe start of assessment year
Answer & Solution
Correct answer: C. The day after the due date
The period starts on the date immediately following the due date for the return.
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Related questions
Section 234F applies to returns for which assessment years?As worded in section 234F, total income is Rs 8 lakh and the return is filed on 20 DecembeAs worded in section 234F, an individual with total income Rs 4,50,000 files after 31 DeceTax due Rs 2,00,000; Rs 1,20,000 paid by 15 Dec. 234C interest on that shortfall?Tax due on the returned income in 234C is tax on income declared where?Under-estimating which income does not attract 234C if paid in later instalments?Who pays advance tax in a single instalment by 15 March under 234C?A June shortfall escapes 234C if advance tax paid is at least what share?