https://www.taxtmi.com/circulars?id=9936 Assessing Officers must calculate interest under section 220(2) at each financial year end for unpaid tax and issue demand notices by April 30; if tax is paid before year end interest is calculated up to payment and charged within one week. Interest up to the date of drawing up a recovery statement must be shown in the statement and thereafter collected by the Tax Recovery Officer with the outstanding demand. Supervisory officers must carry out half yearly reviews to ensure compliance. en-us Fri, 07 Jun 1991 00:00:00 +0530 Thu, 09 Jun 2011 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9936 Assessing Officers must calculate interest under section 220(2) at each financial year end for unpaid tax and issue demand notices by April 30; if tax is paid before year end interest is calculated up to payment and charged within one week. Interest up to the date of drawing up a recovery statement must be shown in the statement and thereafter collected by the Tax Recovery Officer with the outstanding demand. Supervisory officers must carry out half yearly reviews to ensure compliance. Circulars Income Tax Fri, 07 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9936