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Section 220 (2)

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(Querist)
19 April 2015 What is sec 220 (2) in income tax??? I have seen this section in 143(1) intimation for adjusted demand from refund.......Please explain in simple language...
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j p daga

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j p daga (Expert)
19 April 2015 assesse has to pay the tax as per income tax notice in 30 days from date of serving of notice ( in your case it is demand as per 143 (1) ) .

If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
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j p daga

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j p daga (Expert)
19 April 2015 assesse has to pay the tax as per income tax notice in 30 days from date of serving of notice ( in your case it is demand as per 143 (1) ) .

If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
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