TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Interest Under Direct Taxes Code, 2010: Pay Within 30 Days of Notice or Face 1% Monthly Interest Charge</h1> Interest payable to the Central Government under the Direct Taxes Code, 2010, must be settled within thirty days of receiving a demand notice, excluding advance tax. This period can be shortened with the Joint Commissioner's approval if necessary for revenue protection. If payment is delayed, the assessee incurs a simple interest charge of one percent per month from the end of the specified period until payment. The interest amount may be adjusted based on any changes due to rectification, revision, or appellate orders under the Code.
TaxTMI 
TaxTMI 
