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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

All tax liability, except advance tax, have been made liable to ...


Tax Liabilities Require Notice u/s 156; Non-Compliance Leads to Interest on Unpaid Amounts.

November 22, 2012

Case Laws     Income Tax     HC

All tax liability, except advance tax, have been made liable to be followed by a notice under section 156 and only when the assessee fails to comply with the conditions of the notice under section 156 and fails to pay the due amount, then he is liable to pay interest. - HC

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