Interest under section 220 (2) on order received u/s 245d(4)

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....nterest under section 220 (2) on order received u/s 245d(4)<br> Query (Issue) Started By: - Akshay Jain Dated:- 7-9-2017 Last Reply Date:- 7-9-2017 Income Tax<br>Got 1 Reply<br>Income Tax<br>As per th....

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....e order u/s 245 it is mentioned as follows &quot; The applicant requested for installment facility in paying the balance tax demand. This is considered and the applicant is allowed to pay the demand a....

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....long with interest arising on account of giving effect to this order within six months ( in six equal monthly instalments) after receipt of notice of demand &quot; As per the Assessment order issued ....

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....in response to this order u/s 245D(4) certain demand is raised and the AO has mentioned a point saying &quot; The demand may be paid in 6 equal monthly installments. The last installment to be paid wi....

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....th interest u/s 220(2).&quot; Question : 1) Is interest u/s 220(2) applicable on order u/s 245D(4) even if order itself gives a relief of 6 installments ??? 2) If applicable then under what circums....

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....tances can it be waived off.???? Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view the contention of the AO is correct.<br> Discussion Forum - Knowledge Sharing ....