We have received demand notice u/s 156 on 13/03/2024 but the accrued interest shown in portal from Jan 2024. ITR filed on 29/12/2022.
As per 220(2) interest chargeable from 30 days of 156 notice.
Please give a clarification for the same
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Interest under section 220(2)
Replies (1)
How to respond to an Outstanding Demand Notice?
Four options are available for a taxpayer to respond against an outstanding income tax demand notice. Given below are the options:
- Demand is correct.
- The demand is partially correct.
- Disagree with demand.
- Demand is not correct but agrees to adjustment
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