TMI BlogInterest under section 220 (2) on order received u/s 245d(4)X X X X Extracts X X X X X X X X Extracts X X X X ..... As per the 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 de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mand 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 issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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 wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... circumstances can it be waived off.???? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my view the contention of the AO is correct. - Interest under section 220 (2) on order received u/s 245d( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4) - Query Started By: - Akshay Jain Dated:- 7-9-2017 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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