alleryStart learning →A shorter payment period than thirty days needs previous approval of the
AAppeals Commissioner
BThe Tribunal bench
CJoint Commissioner
DBoard chairperson
Answer & Solution
Correct answer: C. Joint Commissioner
The proviso to 220(1) lets the Assessing Officer fix a shorter period with the previous approval of the Joint Commissioner.
Keep practising Deduction, Collection and Recovery of Tax
Browse all Deduction, Collection and Recovery of Tax questions for CA Final, or explore more Taxation topics.
Related questions
Default in one instalment under 220(5) makes the assessee in default forUnder 220(3), the Assessing Officer may allow the assessee to payLate payment of a demand attracts simple interest per month atUnder section 220(1), a demand notice amount is payable withinA collector must give the buyer a certificate that tax has beenCollecting tax at source under 206C isA seller fails to collect tax under 206C. He is still liable toTax collected under 206C and paid to the Government is treated as paid