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<h1>New Tax Demand Notice Rules in Clause 289: Key Deadlines & Procedures for Securities and Equity Shares</h1> Clause 289 of the Income Tax Bill, 2025, outlines the procedure for issuing a notice of demand when any tax, interest, penalty, fine, or sum is payable under the Act. The Assessing Officer must serve the notice in a prescribed form. If a sum is determined under sections 270 or 399, it is deemed a notice of demand. For income involving specified securities or sweat equity shares from eligible start-ups, the tax or interest must be paid within fourteen days after the earliest of three events: sixty months post the relevant tax year, the sale of the securities, or the employee's termination.