Section 220 (2)
This query is : Resolved
19 April 2015
What is sec 220 (2) in income tax???
I have seen this section in 143(1) intimation for adjusted demand from refund.......Please explain in simple language...
19 April 2015
assesse has to pay the tax as per income tax notice in 30 days from date of serving of notice ( in your case it is demand as per 143 (1) ) .
If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
19 April 2015
assesse has to pay the tax as per income tax notice in 30 days from date of serving of notice ( in your case it is demand as per 143 (1) ) .
If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
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