https://www.taxtmi.com/acts?id=7053 Notice requiring payment of a determined securities transaction tax sum within 30 days to the authorised bank or depositary; failure to pay attracts simple interest at one per cent per month under section 220(2) read with section 109 and may lead to a penalty (up to the tax arrear) after opportunity to be heard under section 221 read with section 109. Non payment will result in recovery proceedings under sections 222, 227, 229 and 232 read with section 109, while applications for extension or instalments must be made to the Assessing Officer before the payment period expires and specified appeals lie in Forms No.4 and No.5. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Nov 2025 16:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7053 Notice requiring payment of a determined securities transaction tax sum within 30 days to the authorised bank or depositary; failure to pay attracts simple interest at one per cent per month under section 220(2) read with section 109 and may lead to a penalty (up to the tax arrear) after opportunity to be heard under section 221 read with section 109. Non payment will result in recovery proceedings under sections 222, 227, 229 and 232 read with section 109, while applications for extension or instalments must be made to the Assessing Officer before the payment period expires and specified appeals lie in Forms No.4 and No.5. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7053