It demand under section 220(2)
Shashank Ramchandra Bendre (Retired) (21 Points)
28 February 2017Shashank Ramchandra Bendre (Retired) (21 Points)
28 February 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 28 February 2017
Section 220(2) states: If the amount specified in any notice of demand under section 156 is not paid within the period limited under sub-section (1), the assessee shall be liable to pay simple interest at 93[94[one] per cent for every month or part of a month comprised in the period commencing from the day immediately following the end of the period mentioned in sub-section (1) and ending with the day on which the amount is paid
You must give reference to earlier notice with complete facts.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"