Interest under section 220(2) of income tax act, 1961
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2017
Hello
My client received a notice of outstanding demand in March 2016 of Rs 2160.00 for A.Y. 2010-11 under section 1431a , but he did not pay the demand.I filed his return for A.Y. 2015-16 on 31.03.2017 and that demand is adjusted against the refund payable by the governement. But the amount which is adjusted is Rs 3903.00. They charged the interest of Rs 1743.00 under section 220(2). I think they charged the interest w.e.f. A.Y. 10-11.
Is it Justified ?
If not, then what can I do for claiming the balance amount ?
Thanks in advance
My client received a notice of outstanding demand in March 2016 of Rs 2160.00 for A.Y. 2010-11 under section 1431a , but he did not pay the demand.I filed his return for A.Y. 2015-16 on 31.03.2017 and that demand is adjusted against the refund payable by the governement. But the amount which is adjusted is Rs 3903.00. They charged the interest of Rs 1743.00 under section 220(2). I think they charged the interest w.e.f. A.Y. 10-11.
Is it Justified ?
If not, then what can I do for claiming the balance amount ?
Thanks in advance
08 June 2017
Yes interest will be payable from the due date till the date of actual payment or adjustment.
08 June 2017
Can charge from the 31st day of date of intimation u/s 143(1)(a)
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