Hello Friends
I have received a notice /intimation from TRACES, demanding a sum against "Additional late payment against the processing of latest correction".
When I contact to CPC Centre, they told me the same has been levied when you added any new challan in revised statement.
Actually this is a case of short payment, and I have paid the short amount with interest and filled the correction statement with adding new challan for required correction.
My question is under which provision/section of income tax, they levy such type of charges /payment.
Thanking you in advance
CAclubindia
