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?
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outstanding demand in portal
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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.
good clarification and information
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