I have received communication on Income tax arrear demand from CPC Banglore. Since the amount is samll I want to pay off. Few queries I have before I do that. Does it call for any interest calculation which is not mentioned in the note. What is the challan I should use Is it 280 or 281. I don't have TAN. Please advise to get my self relieved of this.
1 Answers
There is already a similar thread, which may be useful to you: Arrear Demand Notice from income tax department.
The interest u/s 220(2) is liable to be further computed till the date of payment.
You should use challan 280 and pay tax under self assessment tax.
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