19 June 2014
if you received demand notice from income tax deptt. and after 30 days service of demand notice you not pay the tax then 1% intt for every month or part of month tax will be liable.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 June 2014
Thanks Sir,
But Confused With
Additional Late Payment Interest against the Processing of Latest Correction
19 June 2014
as per income tax act if the refund amount will issue to assesse and after that come to know that the amount will give excess from the due amount then income tax deptt charge the intt on excess refund also.