Notice u/s.148; interest u/s.220
This query is : Resolved
23 August 2012
Hello Friends,
This is case of one of my Client whose books where Scrutinized for A.Y.2007-2008 Previously, Now recently furhter Notice u/s.148 has been issue and the file has been reopened.
Now, here in case officer makes any further additions, what would be the stand on Interest element?
Meaning, will it be applicable from date of Demand i.e. say current date
OR
Interest will be applicable w.e.f.A.Y.2007-2008
OR
Interest will be applicable form the date first Demand when the file was opened for scrutiny for the First time.
Regards,
JIGNESH MEWADA
This is case of one of my Client whose books where Scrutinized for A.Y.2007-2008 Previously, Now recently furhter Notice u/s.148 has been issue and the file has been reopened.
Now, here in case officer makes any further additions, what would be the stand on Interest element?
Meaning, will it be applicable from date of Demand i.e. say current date
OR
Interest will be applicable w.e.f.A.Y.2007-2008
OR
Interest will be applicable form the date first Demand when the file was opened for scrutiny for the First time.
Regards,
JIGNESH MEWADA
24 August 2012
w.e.f. 2007-2008
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Booth for sales promotion
- Exiting partner in partnership firm in gst portal
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
