205Answerable
Default surcharge on unpaid tax
Section 205 imposes default surcharge, which is the interest charged on tax that was paid late or not paid at all.
Income Tax Ordinance 2001Time you have
Payable along with the principal demand.
If you ignore it
The surcharge keeps accruing for every day the principal remains unpaid.
Why you got it
Why this arrived
- Tax due with the return was not paid on time
- An advance tax instalment under section 147 was missed
- A demand raised in an order remained unpaid
What to do
What to do now
- Verify the period over which the surcharge has been computed
- Pay the principal to stop it accruing further
- Where the underlying demand is under appeal, seek a stay covering both
Documents
What to gather
- The notice or order
- Payment challans already deposited
Send us the notice before the deadline
Photograph every page and send it on WhatsApp. We read it the same day and tell you the real exposure, not the worst case. Our principal is a licensed Income Tax Practitioner and can be authorised on your IRIS account to reply and appear for you.
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