I have demand notice from Income Tax for AY- 2014 to 2015 for payment of tax. Do I need to pay this Income Tax by tomorrow or can I do this later?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185120 Points)
Replied 30 July 2017
Pay within 30 days from the date of notice........
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 30 July 2017
Yes. I agreed to Mr Dhirajlal Sir...
If you can't pay within 30days. After its calculate interest for the demanded amount
If you can't pay within 30days. After its calculate interest for the demanded amount
rama krishnan
(12244 Points)
Replied 31 July 2017
if you failed to pay tax within 30 days or date specified mentioned in demand notice, then you will be liable to pay 221(1) penalty plus 220(2) interest
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