https://www.taxtmi.com/acts?id=43331 Notice of demand under the Equalisation Levy Rules informs a taxpayer of a determined payable amount, requires payment to an authorised bank within the prescribed period (subject to authorised shorter period), and encloses a challan. Non payment attracts simple interest on arrears, potential penalty after opportunity to be heard, and initiation of recovery proceedings under income tax recovery provisions. Procedural instructions cover cheque payment, requests for extension or instalments to the Assessing Officer before the payment deadline, and prescribed appellate routes and forms where the amount arises from an appellate order. en-us Thu, 06 Jun 2024 17:06:22 +0530 Tue, 25 Nov 2025 11:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43331 Notice of demand under the Equalisation Levy Rules informs a taxpayer of a determined payable amount, requires payment to an authorised bank within the prescribed period (subject to authorised shorter period), and encloses a challan. Non payment attracts simple interest on arrears, potential penalty after opportunity to be heard, and initiation of recovery proceedings under income tax recovery provisions. Procedural instructions cover cheque payment, requests for extension or instalments to the Assessing Officer before the payment deadline, and prescribed appellate routes and forms where the amount arises from an appellate order. Act-Rules Direct Taxes Thu, 06 Jun 2024 17:06:22 +0530 https://www.taxtmi.com/acts?id=43331