Can I eligible to pay outstanding demand notice in instalments
This query is : Resolved
12 January 2023
Actually my neighbour got demand notice for 2,50,000 from department. Department says within 30 days pay demand. Beyond 30 days along with demand 1% interest payable
My neighbour have not sufficient money for paying in single instalment. He wants to pay amount in two installments.
My doubt is can he eligible to pay demand amount in instalments and interest impact if any please explain.
After payment any reply will given in income tax site.
Thank you sir
My neighbour have not sufficient money for paying in single instalment. He wants to pay amount in two installments.
My doubt is can he eligible to pay demand amount in instalments and interest impact if any please explain.
After payment any reply will given in income tax site.
Thank you sir
12 January 2023
Yes, he may pay partially. He will get another demand notice.
After complete payment of demand, he will get another demand notice for the interest amount payable.
After complete payment of demand, he will get another demand notice for the interest amount payable.
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12 January 2023
Interest is calculated on balance outstanding amount or total demand amount
12 January 2023
On the balance amount, till the date of payment..
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13 January 2023
Sir can I submit any response to outstanding demand appear in pending actions in income tax portal,after payment of some demand amount ( partial demand amount).
13 January 2023
Yes, that the demand is correct, & paid vide CIN details..
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13 January 2023
Thank you sir for your reply
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13 January 2023
You are welcome..
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