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Interest u/s220(2)

This query is : Resolved 
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(Querist)
19 January 2018 ON WHICH GROUND IT IS COMPULSORY TO PAY
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Renu Goyal

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Renu Goyal (Expert)
19 January 2018 If you have paid the amount on which interest u/s 220 is levied then you are suppose to pay this interest also.
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CA. Brijesh Baranwal

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CA. Brijesh Baranwal (Expert)
20 January 2018 You may also file an application to higher authorities for waiver depending upon the facts of your case.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 January 2018 If the taxpayer fails to pay the amount specified in any notice of demand issued
under section 156 within the period as allowed in this regard, then the assessee
shall be liable to pay interest under section 220(2).

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