Electronic payment intimation requires Form 3 proof, with monthly interest for delay and loss of Scheme benefit after expiry.

Electronic payment is required for the amount determined under section 135(1), and the declarant must electronically furnish Form 3 with proof of payment and applicable interest. Payment within two months from the end of the month of the determination order attracts no interest. Payment within the permitted additional period attracts interest at 1% for each month or part of a month beyond that period. Payment after the maximum additional period of four months results in loss of the Scheme benefit.

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