How to calculate interest on Tax demand u/s 143(1) for AY 2019-20 now say if the amount is approx. 1.25 lacs.
Should we calculate from the date of notice to previous year closing i.e. 31.3.2021 to make provision.
Pl help
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Notice u/s 143(1) for interest due
Replies (1)
Yes, you can do so. But it will change till paid fully. So, for provision any thing liable till 31.03.2021 can be accounted.
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