https://www.taxtmi.com/circulars?id=10295 The ITO must calculate interest under Section 220 at the end of each financial year for amounts unpaid on that date and issue a notice of demand; if the amount is paid before year end interest is computed up to the date of payment and demand issued accordingly. The Board directs ITOs to calculate year end outstanding interest and issue demands within thirty days of year end, and to compute and charge interest within one week when payment falls prior to year end. en-us Wed, 27 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10295 The ITO must calculate interest under Section 220 at the end of each financial year for amounts unpaid on that date and issue a notice of demand; if the amount is paid before year end interest is computed up to the date of payment and demand issued accordingly. The Board directs ITOs to calculate year end outstanding interest and issue demands within thirty days of year end, and to compute and charge interest within one week when payment falls prior to year end. Circulars Income Tax Wed, 27 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10295