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

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)
Quick Summary
This discussion seeks clarification on how the 1% interest on outstanding demand is calculated. The user wants to know if the interest applies only to the original demand amount or if it also includes any previously accrued interest on that demand. The query aims to determine the precise basis for the interest calculation to avoid underpayment or overpayment.

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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