Notice of demand under Wealth-tax: payment due within thirty days, default attracts interest, penalty and recovery provisions. A notice of demand under section 30 requires payment of a determined sum to an authorised bank within thirty days (or a shorter period with Deputy Commissioner approval) with an enclosed challan; default triggers simple interest per section 31(2), possible penalty after hearing, recovery proceedings under Income-tax Act provisions read with section 32 of the Wealth-tax Act, and designated appeal routes to the Deputy Commissioner (Appeals)/Commissioner of Wealth-tax (Appeals) within thirty days and to the Appellate Tribunal against penalties within sixty days.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Notice of demand under Wealth-tax: payment due within thirty days, default attracts interest, penalty and recovery provisions.
A notice of demand under section 30 requires payment of a determined sum to an authorised bank within thirty days (or a shorter period with Deputy Commissioner approval) with an enclosed challan; default triggers simple interest per section 31(2), possible penalty after hearing, recovery proceedings under Income-tax Act provisions read with section 32 of the Wealth-tax Act, and designated appeal routes to the Deputy Commissioner (Appeals)/Commissioner of Wealth-tax (Appeals) within thirty days and to the Appellate Tribunal against penalties within sixty days.
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