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

0
2245
Print Friendly, PDF & Email

When any tax is raised by an income tax authority  , the usual payment time allowed to assessee is thirty days from service of the demand notice. The  assessing officer or if the demand has become old and referred to Tax Recovery Officer, quite often threaten assessee through their A.r or counsel that assests like bank accounts or land or FD may be attached for recovery of demand  . There are many reported instances in which , the tax authorities were so blind in taking steps of recovery of tax that they attached  types of assets which are actually exempt from recovery or attachment process under Income Tax Act .

This content is for Monthly, annual and Semi Annual members only.
Log In Register