Please specify the procedure as to how to file Stay of demand before AO/CIT(A) on case of Faceless assessment.
I couldn't find nad option or any Form in income tax portal.
4 Replies
Network
(Self Employed)
(44 Points)
Replied 16 February 2024
Please refer to CBDT circular ( F. No. 404/72/93-ITCC), dt.31.07.2017
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 February 2024
Write a letter to your AO for stay of demand. Demand can be stayed only if 20% of disputed demand would be paid.
Network
(Self Employed)
(44 Points)
Replied 16 February 2024
Yes Rashi Mam is correct. Please see CBDT circular ( F. No. 404/72/93-ITCC), dt.31.07.2017.
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