Dear All
I have a query you are requested to please provide me the answers
"One of My known Compnay /Firm manufacturing inds is filling their ITR with in the due date but they are filling ITR by putting
TAX PAYABLE and are not paying tax which is huge amount , as according to them when department will raise demand they will pay along with the interest but from last two years they are doing like that till the time they have not paid TAX"
What else action can be taken by the department against them except to collect demand with interest for non payment of Tax
IS THERE ANY TIME SPECIFIED IN LAW FOR PAYMENT OF DEMAND AND IS THERE ANY PENALITY /PROCEEDINGS WHICH DEPATMENT CAN TAKE AGAINST THEM
please give me your valuable guidance.
CAclubindia
