TaxTMI 
TaxTMI 
date of search 12.12.2009. for the financial yaer 2008-09 was not filed thogh Tax audit for the same was done till the date of search.Department issued a notice to file return u/s 153 A. Time limit to file return u/s 153A 10.10.2011. period for which interest u/s 234A will be calculated.
interest u/s 234A under search
rajeev kamal
Interest Calculation Explained: Section 234A Applies Post-Notice Deadline; Section 234B Covers Tax Assessment Differences A query was raised regarding the calculation of interest under section 234A of the Income Tax Act following a search conducted on December 12, 2009, for the financial year 2008-09. Although a tax audit was completed, the return was not filed by the search date. The tax department issued a notice under section 153A with a deadline of October 10, 2011, for filing the return. A respondent explained that interest under section 234A is calculated for each month or part thereof from the day after the notice deadline. Interest under section 234B is based on the difference in tax assessed under sections 153A and 143(1). (AI Summary)