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1% Interest on Outstanding Demand on Section 143(3)

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Dear SIr/Madam,

I have an query on 1% interest on  Outstanding Demand Amount. Please guide me whether this interest will be applied only for  Outstanding Demand Amount or Outstanding Demand Amount+ Accrued Interest Computed if further delay payment in my total outstanding demand amount. 

 

Thanks

Replies (3)

On Total Demand amount.

Dear Sir ,

Thanks for your reply

On Total Demand Amount means Original Demand right ? NOT Demand + Interest Accured as on Today

 

 

Total demand incl. interest as per notice.


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