Menu
Notice u/s.133(6)
sir. we are in receipt of the above notice with regard to short reporting of interest on income tax refund. now on reconciliation, we found that of 7,00,000 was under report of such income. so now while replying to the notice, can I pay the tax and reply or only reply will do based on which he will send the demad/ recombination, then I can pay the tax, kindly advice
Replies (6)
Which year?
A.Y.2020-2021
Pay tax and reply............
Sir. I also would like to pay with interest, so what rate can I apply.
At present you can calculate 1 % simple interest per month. If any deficiency, CPC will raise demand afterwards.
Agree with Dhirajlal sir
Recent Topic
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
Related Topics
CAclubindia
