What is the effect if we are not paid IT amount timely ,but filed the return through E- Filing.?



What all are the effect of not paying the income tax amount timely ,but filing of return is correct in the case of Firms.How authorities will take action ,whether they will charge or interest but how also in what manner.

What is the effect if we are not paid IT amount timely ,but filed the return through E- Filing.?
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3 Replies to “What is the effect if we are not paid IT amount timely ,but filed the return through E- Filing.?”



  1. Section 234A.
    the assessee shall be liable to pay simple interest at the rate of 1 % for every month or part of a month on the amount of the tax due as per the return.

    Filing Verification of the Return Form ITR-V
    If you do not sign return digitally, you will still need to submit the form ITR-V. You will get pdf of this form in your email. Print two copies of this form, sign it and submit it to the income tax office of jurisdiction. The receiving official shall return one copy after affixing the stamp and seal. The Form 1TR-V must be furnished within 15 days of transmitting the data electronically. If ITR-V is furnished within 15 days, the date of filing of the return will be the date of transmitting the data electronically. In case ITR-V is furnished late, the date of furnishing of ITR-V will be considered the date of filing of tax return. If ITR-V is not furnished, it will be deemed that no return has been furnished.





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