Notice u/s 154 for Additional Late Payment Interest

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  1. Tushar Kumbhar

    Tushar Kumbhar New Member

    What is additional late payment interest against the latest correction?

    I have received the notice u/s 154 demanding to pay Rs. 540 for Q1(26Q) after submission of the correction statement with traces by adding a challan of payment of interest on late payment paid for demand raised by traces in justification report.

    Please help me,
    what should i do now?
  2. Chandrashekar M

    Chandrashekar M Active Member

    it is the interest U/s.201(1A). You have to please pay the same
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