Interest u/s 220(2)

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 June 2014 Dear Sir,
When the Interest U/s 220(2)will Attract?

19 June 2014 if you received demand notice from income tax deptt. and after 30 days service of demand notice you not pay the tax then 1% intt for every month or part of month tax will be liable.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 June 2014 Thanks Sir,

But Confused With

Additional Late Payment Interest against the Processing of Latest Correction

How Both Will Differ ?

19 June 2014 as per income tax act if the refund amount will issue to assesse and after that come to know that the amount will give excess from the due amount then income tax deptt charge the intt on excess refund also.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details