Interest under section 220 (2) on order received u/s 245d(4)

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..... Interest under section 220 (2) on order received u/s 245d(4)
Query (Issue) Started By: - Akshay Jain Dated:- 7-9-2017 Last Reply Date:- 7-9-2017 Income Tax
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Income Tax
As per t .....

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..... he order u/s 245 it is mentioned as follows " The applicant requested for installment facility in paying the balance tax demand. This is considered and the applicant is allowed to pay the demand .....

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..... along with interest arising on account of giving effect to this order within six months ( in six equal monthly instalments) after receipt of notice of demand " As per the Assessment order issued .....

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..... in response to this order u/s 245D(4) certain demand is raised and the AO has mentioned a point saying " The demand may be paid in 6 equal monthly installments. The last installment to be paid w .....

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..... ith interest u/s 220(2)." Question : 1) Is interest u/s 220(2) applicable on order u/s 245D(4) even if order itself gives a relief of 6 installments ??? 2) If applicable then under what circum .....

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..... stances can it be waived off.???? Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view the contention of the AO is correct.
Discussion Forum - Knowledge Sharing .....

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