Form No. 7 Notice Of Demand Under Section 156 Of The Income-Tax Act, 1961

The Income-Tax Act, 1961

Section 156 tax notice is the notice of demand issued by the Income Tax Department when any tax, interest, penalty, fine or any other sum is payable in consequence of any order passed. The section 156 tax notice of demand will specify the sum which is payable.

This demand notice is generally accompanied by an intimation notice under section 143(1) or along with the assessment order that is issued on completion of the scrutiny proceedings. Notice of Demand u/s 156 is issued in respect of every assessment order for addition to income.

he amount which is demanded in the Section 156 demand notice has to be paid by the Assessee within a period of 30 days after the date of receipt of the notice.

INCOME TAX RULES, 1962

Notice of demand for regular assessment, etc.

Rule 15. (1) Subject to the provisions of rules 38 and 48A, the notice of demand under section 156 shall be in Form No. 7.

 

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