We got notice from Income tax officer for default for late payment interest for depositing late payment for the f. y 2009-10 I have already file Return all qtrs now they said in notice we have to pay interest on late tax deposited to the government so is it require to pay that interest to the government & file revised return ? and also let me know how to draft details to income tax Department.
19 February 2012
You have to simply pay the amount of interest through depositing a challan of required amount by ticking against code (400) TDS/TCS Regular Assessment(Raised by IT Department) under the head Type of Payment. . You need not require to revise the return. . Produce/send copy of this challan before the AO in case , it is paid through a Bank. .