In case of underpayment of taxes, if the deficiency is not paid in a timely fashion, interest is imposed on the unpaid amount for a period that begins on the date of:
A)filing the return and ends on the date of payment or the last working day of the respective year, whichever is later
B)filing the return and ends on the date of payment
C)the notice and demand and ends on the date of payment
D)the notice and demand and ends on the date when the taxpayer receives the notice

Question

Quizplus · Accepted Answer

Interest on underpaid taxes typically starts accruing from the date of the notice and demand for payment by the tax authority and continues until the date the taxpayer pays the amount due.

In Case of Underpayment of Taxes, If the Deficiency Is