Tax on regular assessment requires payment following a departmental demand within the notice period. A tax on regular assessment arises when the tax authority finds understatement of income and computes additional tax; the resulting demand notice requires ... Summary
Tax on regular assessment requires payment following a departmental demand within the notice period.
A tax on regular assessment arises when the tax authority finds understatement of income and computes additional tax; the resulting demand notice requires the taxpayer to pay the additional tax within the period specified in the notice of demand.
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