POSTED BY July 18, 2013 2:33 pm ONE COMMENTON
I had filed income tax return for year 2012-13. But due to some reason ITR-V was not reached to CPC. At that time my tax liability was 3009 Rs. I had already paid that at the time of filing return.
While filing this years`s return, I come to know that my last year`s return was not accepted. So I filed it as a defect return this year. Now I have received demand of 330 Rs from Income tax dept. which is 11% interest of 3009 Rs. which I had already paid. So can anybody tell me whether interest calculated is correct or not? Can anybody suggest me what should I do next?