Section 179 :4 Reasons Notice to Recover Tax Dues from Director Fails ...
If you are director in a private company which has a burden of tax demand , it may just happen that you may receive...
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...
Pay 15% of Disputed Demand to Get A Stay till Disposal of Appeal
Based on recommendation of tax simplification committee report CBDT has now modified the earlier on stay of disputed demand . The new instruction has...
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...
How to Get Tax Clearance Certificate Valid for 5 Years !
In previous post on tax clearance certificate under Income Tax Act , it was brought before readers , that expatriates in India are required...
How to Apply for Waiver of Interest Charged U/s 234A , 234B & 234C...
Income Tax Act provides that if an assessee does not file return within due date , he will have to pay interest under section...
Loan Defaulter /Guarantor Beware ! CBDT Directs CCITs for Supplying Wealth Tax Info to...
Non Performing Asset is a very big problem for Indian banks , specially public sector banks. So ,banks are paying special attention to recover...
A Large Number of Assessees Do Not Require to Deposit Advance Tax !
In the month of March , you will find many advertisement from Income Tax Department as well as the banks regarding the 15th March...
5 Ways You Can Acquire Status of “Assessee in Default” & Why it is...
Most of the harsh action of the Income Tax Department starts with your status as "assessee in default" which in simple words mean an...
Six Steps to Prevent Attachment of Your bank a/c or assets by the Assessing...
Since March is the deadline for passing assessment orders, February and March 2014 will see a number of orders raising demands against the assessee....
