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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2017 one of my client has not paid self assessment tax for the financial year 2012 and filed return well in time
and not paid any advance tax .
and after filing return under 143(1) intimation he has to pay 32310/- tax
and officer charged 2.00% pm int on 32310/- til ltoday
whether 2.00 % pm is right as per income tax provisions
pls guide
thanks in advance
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
17 September 2017 Its wrong they have to charge 1% interest for same...
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