1% Interest on Outstanding Demand on Section 143(3)

Badaa (employee) (109 Points)

28 November 2023  

Dear SIr/Madam,

I have an query on 1% interest on  Outstanding Demand Amount. Please guide me whether this interest will be applied only for  Outstanding Demand Amount or Outstanding Demand Amount+ Accrued Interest Computed if further delay payment in my total outstanding demand amount. 

 

Thanks