Easy Office
LCI Learning

Interest charged on late payment of interest

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 June 2012 one of my client has received an order under section 201(1) / 201(1A) for FY 2008 2009 demading payment of Interest as given below.


Interest on late payment of TDS. Rs. 1030
Add: Interest on late payment of Rs. 465
Interest

Total amount payable Rs.1500/- (rounded off)

My doubt is under which provision(s) an interest on interest payable can be demanded?
Profile Image

Soumitra Basu

Profile Image

Soumitra Basu (Expert)
27 June 2012 Interest on interest is a computer generated error. Legally it has no bas.
Profile Image

ANAND

Profile Image

ANAND (Querist)
28 June 2012 I too have the same opinion. Thanks for supporting the same.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links