Interest on voluntary payment by filling DRC-03
This query is : Resolved
Mansi Shah
(Querist)
02 November 2020
Please let me know Interest is compulsory while voluntary payment of tax through DRC-03?
Please let me know the consequence if interest not paid on the same.
Please let me know the consequence if interest not paid on the same.
Lekhraj sood
(Expert)
02 November 2020
Yes, it is mandatory to pay interest on delayed payment of tax. If you do not pay the interest but only pay the tax then you may get (which most likely will happen) show cause notice under section 73 or 74.You may ne levied penalty also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
