Search results
Jul 12, 2024 · You receive an income tax Demand notice u/s 156 of the Income Tax Act when the Assessing Officer (A.O.) raises demand for any tax, interest, penalty, fine, or any other sum to be payable by you as a result of any order passed under the Income Tax Act.
Tax filing for traders. Launch your business. Services for businesses. Trademark. TDS returns. section 156 notice of demand income tax act 1961 1962.
May 4, 2022 · The Demand Notice under Section 156 of the Act also stipulated that if the petitioner failed to pay the aforesaid amount within the period of thirty days from the date of the service of the Demand Notice, the petitioner will also be liable to pay a simple interest at 1.5% for every month or part of a month from the date commencing after the end ...
Sep 6, 2018 · The notice says “In case of Demand, this intimation may be treated as Notice of demand u/s 156 of the Income Tax Act, 1956. Accordingly, you are requested to pay the entire Demand within 30 days of receipt of this intimation”.
Apr 16, 2022 · Introduction: Generally, after completion of the Income tax assessment, the tax department issues a notice under Section 156 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) to enforce and collect the tax demand.
Income-tax Act, 1961. 925 Record (s) | Page [1 of 93] Compare Act/ SectionNEW. Choose Acts: as amended by Finance Act.
Section 156 in The Income Tax Act, 1961. 156. Notice of demand. - When any tax, interest, penalty, fine or any other sum [* * *] [ Certain words omitted by Act 13 of 1966, Section 32 and Schedule III (w.e.f. 1.4.1967).] is payable in consequence of any order passed under this Act, the [Assessing Officer] [ Substituted by Act 4 of 1988, Section ...
Nov 4, 2023 · Section 156 of the Income Tax Act is a demand notice issued by the Assessing Officer to notify the taxpayer of their liability and also specifies the due date for payment.
Nov 7, 2023 · In case, there is any outstanding liability, the department issues a demand notice under section 156 of the Income Tax Act. This notice specifies the interest, penalties, fines, and any other charges that the taxpayer must pay, along with a time limit for payment.
What is Section 156? Section 156 of the Income Tax Act empowers the Assessing Officer (A.O.) to issue a notice of demand when any tax, interest, penalty, fine, or other sums are payable by the taxpayer as a result of an order passed under the Income Tax Act.
