REGARDING INCOME TAX DEMAND AND INTERETS ACCRUEL ON SUCH


This query is : Resolved 

Quick Summary
This discussion addresses whether interest continues to accrue on an income tax demand if the principal amount has been paid via the portal, but the interest itself has not. The consensus is that interest will continue to accrue at 1% per month. Consequently, a new demand may be raised for the accrued interest after the initial payment.

04 April 2024 In income tax proceedings if outstanding demand is paid in portal but interest is not paid then interest on such demand would accrue 1% per month or would it be stop accruing?

05 May 2024 It gets accrued and the demand is raised after the payment of the dues again.

08 September 2024 Good Luck.


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