Menu
Notice u/s.133(6)
sir. we are in receipt of the above notice with regard to short reporting of interest on income tax refund. now on reconciliation, we found that of 7,00,000 was under report of such income. so now while replying to the notice, can I pay the tax and reply or only reply will do based on which he will send the demad/ recombination, then I can pay the tax, kindly advice
Replies (6)
Which year?
A.Y.2020-2021
Pay tax and reply............
Sir. I also would like to pay with interest, so what rate can I apply.
At present you can calculate 1 % simple interest per month. If any deficiency, CPC will raise demand afterwards.
Agree with Dhirajlal sir
Recent Threads
- WHY and which ITR just to declare company shares ?
- Contribution to political party
- 40+ single CA group
- Interest u/s 234B on updated return u/s 139(8A)
- GST registration documents
- Goods Return of FY 24-25
- Compliance Notice under section 80G
- Income Tax refund not even processed after 5 month
- Interest on Tds of professional charges
- Notice on foreign assets
Related Threads
CAclubindia
