Company have received notice u/s 156 of Income tax act. Company is willing to file rectification. whether Company is required to deposit the demand within stipulated time.
Whether company go for appeal, whether company is required to deposit the demand within stipulated time.
yes It is your liability to pay demand arise u/s 156 once the appeal gets finalized in your favour than you will get refund.
AO has power to recover the demand.
But practcally mostly people do not pay demand raised u/s 156 unless AO is become rigid.
ADY & CO.
New Delhi
Graduate (Any)
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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Arpan Bohra & Co
Hyderabad
CA Inter
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CCI
Pro
CAclubindia
