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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Interest liability under 220 (2) - where demand notice is issued ...


Taxpayers Face Interest Charges u/s 220(2) if Demand Notice Unpaid for 30 Days Post New Assessment.

December 23, 2011

Case Laws     Income Tax     HC

Interest liability under 220 (2) - where demand notice is issued pursuant to fresh assessment order - interest liability arises when demand is not paid within 30 days from fresh assessment order..... - HC

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