Statement of tax in arrears.

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.... this regard:- i) Interest charged u/s.220(2) of the I.T.Act should be treated as current demand in the year in which its demand is raised even though it is in respect of arrear demand. ii) Quarterly statement of tax-in-arrears for the quarter ending 31st March if sent without completing the checking and reconciliation should be marked provisional. Only after the reconciliation and checking work....

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....DCR and D & CR of challans including out-station chalans in respect of payments made during the preceeding financial year should be completed as expeditiously as possible and preferably before the work of carry over of tax arrears is commenced. Challans pertaining to the preceeding financial year with month of account marked as March or an earlier month but received after the tax arrears have been....