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Notice To Surety

This is an legal notice served to the surety for the payment of arrear amount due from last few years. The notice has been drawn up by the tax recovery officer implying that such payment will be recovered as per the provision of the section 220(2) of the Incime tax act together with the charges or cost incurred, interest etc. 

The surety is directed to pay such arrear within 15 days or serving of notice.

LAWS INVOLVED:

1. Rule 88 second schedule IT Act 1961

2. Sec 223(2) IT Act 1961

3. Sec 220(2) IT Act 1961

4. Rule 16 second schedule IT Act 1961

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