Penalty procedure

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51 Points Posted on 18 December 2020
Is levy of penalty applicable on delayed payment of interest ?pl.clarify.
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On 18 December 2020 at 14:33 Report
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This discussion clarifies whether a penalty can be levied for the delayed payment of interest. It confirms that an applicable penalty is indeed imposed for such delays. The relevant section under which this penalty is applied is identified as Section 274.

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30 Points Posted on 18 December 2020

yes, an Applicable penalty is imposed for the delay in payment of interest.

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On 18 December 2020 at 21:09
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51 Points Posted on 18 December 2020
Under what section sir?
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On 18 December 2020 at 22:39
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30 Points Posted on 21 December 2020

under Section 274

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On 21 December 2020 at 19:36
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51 Points Posted on 21 December 2020
Which section sir?
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On 21 December 2020 at 20:25

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