Notice u/s 143(1) for interest due

V P Narasimhan (Accounts Manager) (793 Points)

21 October 2021  

How to calculate interest  on Tax demand u/s 143(1) for AY 2019-20 now say if the amount is approx. 1.25 lacs.

Should we calculate from the date of notice to previous year closing i.e. 31.3.2021 to make provision.

Pl help