Advance tax not paid
This query is : Resolved
12 March 2009
We are not paid any Advance tax as on today and out Assessing Officer is DCIT.
Does he have powers to prosucution.
Please give me suggession with refering section of IT Act
Does he have powers to prosucution.
Please give me suggession with refering section of IT Act
12 March 2009
NO at all DICT has no power to prosucution, But assessee deemed to be default and liable to pay interest u/s 220 and penalty u/s 221
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