consists of very old 220(2) demand going up assessment year 2002-03 and raised on 05/04/2017.
What to do now in this case?
2 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 07 June 2019
pay the outstanding demand. As per section 220(2), if the taxpayer fails to pay the amount specified in any notice of demand issued under section 156 (as discussed) within the period as allowed in this regard, then he shall be liable to pay simple interest at 1% for every month or part of a month.
Recent Topics
- LRS form 15CA 15CB
- TDS 26QB Correction of Payment Date
- LTCG from sale of house
- Rebate u/sec. 87A
- Taxability of Inward remittance in personal accoun
- Case under section 142(1)
- LOAN TAKEN BY A PROPRIETORSHIP FIRM
- Form 27Q TDS Return
- How to remove Schedule S(Salaries) Block2 in salar
- TDS or Tax on Defi on Binance - Crypto - (USDT Tet
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
