Section 220 (2)
This query is : Resolved
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...
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.
If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
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.
If not not paid in 30 day then interest @ 1% per month or part of month shall be charged.
Message likes :
1 times
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- STCG FOR GOLD ETFs
- Last year TDS Claim
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
