stay of demand

CIT Can Grant Stay of Demand on Basis of Financial Hardship

CBDT has issued a benevolent circular dated 29/02/2016 under which a new guideline has been issued under which if the assessee pays at least...

13 FAQs on Dispute Resolution Scheme 2016

Dispute Resolution Scheme 2016 has been made effective from 1st June 2016 is for the benefit of those tax payers who have disputed the...
tax defaulter

Naming & Shaming May Not Work! But One Unheard of Power with CCIT Can...

This post is being written after reading a news in yesterday's edition of Times of India that income tax department is going to expand...

Section 179 :4 Reasons Notice to Recover Tax Dues from Director Fails Before...

If you are director in a private  company which has a burden of tax demand , it may just happen that you may receive...
attachment

10 Investments That Can’t Be Attached by ITO or TRO!

When any tax is raised by an income tax authority  , the usual payment time allowed to assessee is thirty days from service of...

No Attachment Proceeding u/s 226 Possible if Debtor Disputes Debts !

When there is tax demand against a tax payer, the provision under section 226 of the Income Tax Act empowers the assessing officer as...

Why Interest From Kisan Viaks Patra Must Be Shown Every Year!

Can paying tax on interest accrued on investments in KVP / NSC / GOI bonds be deferred for a year ie based on receipts?...

Rule 28AA : Certificate for deduction at lower rates or no deduction of tax...

Certificate for deduction at lower rates or no deduction of tax from income other than dividends. 28AA . (1) Where the Assessing Officer, on an...

What is Meaning of Lineal Descendants ?

Income Tax Act has used the word lineal descendants or ascendants at many places , specially when in the provision where the term relative...
taxation of society

Taxation of Cooperative Society – The Ultimate Guide in FAQ Format !

It is my experience that a large number of persons looking after  administration of the cooperative society himself are unaware about laws of taxation...

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