14. Notices for imposition of penalties in certain cases, imposition of interest, initiation of assessment and demand thereof

(1) The notice under sub-sections (6) and (7) of section 5 shall be in Form V and the notice under sub-section (3) of section 6 shall be in Form VII. 

(1a) Where the prescribed authority is satisfied that an employer or an enrolled person is liable to pay interest under sub-section (2), or subsection (3), of section 9, as the case may be, it shall,-

(a) in respect of interest payable on the amount of tax remaining upaid for any period up to the date preceding the date of assessment of tax of a year comprising such period, determine the amount of interest payable for such period at the time of assessment or before the 1st day of April, 2006, whichever is later; 

(b) in respect of interest payable on the amount of tax remaining unpaid for any period commencing from the date of assessment of tax of a year comprising such period up to the date preceding the date of full payment of such tax or up to the date preceding the date of commencement of proceedings under section 11, determine immediately after full payment of tax or commencement of such proceedings the amount of interest payable;

and shall send a notice of demand for payment of interest due.

(2) The notice of assessment under sub-section (2) or sub-section (4) of section 7 shall be in Form VII and the notice of demand under sub-section (5) of section 7, the notice of demand under sub-section (4) of section 9 and for all other demands, including the penalty imposed under the Act, but except the demand of tax and penalty under sub-section (6B) of section 7, shall be in Form VIII.