interest u/s 220(2)
monojit sharma (79 Points)
24 April 2018
is interest u/s 220(2) can be levied on penalty u/s 271(1)(c) ?
1 Replies
Sulab Filings
(Director)
(57 Points)
Replied 24 April 2018
in my opinion interest can be on delayed payment of TDS / TCS or demand raised by the Income tax department. Demand raised can be tax or penalty and hence interest will be applicable on penatly as well.
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