Hi,
I received the demand notice u/c 143/1a for AY - 2011-12 , 2012-13 and 2013-14.
I filled ITR 4s after the due date and forget to pay the tax amount, now i want to know the fine or interest amount of late payment made as on 26/04/2017.
Dinesh (B.Com) (43 Points)
27 April 2017Hi,
I received the demand notice u/c 143/1a for AY - 2011-12 , 2012-13 and 2013-14.
I filled ITR 4s after the due date and forget to pay the tax amount, now i want to know the fine or interest amount of late payment made as on 26/04/2017.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 27 April 2017
Penalty will not be levied, but interest over late payment @ 1% PM may be levied after final adjustment of the payment.
Farhaad Jiwani
(Tax Consultant at Nagpur)
(303 Points)
Replied 28 April 2017
CAclubindia
