Income tax return is filed with tax payable.
and after 15 days of filling of return demand notice is come and assessee not paid the demand.
then he is liable for penalty or only for interest?
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Whether penalty payable
Replies (6)
Quick Summary
Normally interest is only leviable in such cases.
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If you are satisfied with my reply please like the answer so that I'll be motivated to answer more.
Liable only for interest.
Interest will be leviable
Yes....
Thank you
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