Assessment, Recovery of Tax Demands

Pay 15% of Disputed Demand to Get A Stay till Disposal of Appeal

Posted on by Prashant Thakur

Based on recommendation of tax simplification committee report  CBDT has now modified the earlier disputed demandon stay of disputed demand . The new instruction has set a very clear direction to A.O and other senior officer about the way a stay petition must be dealt with . The summary of the new rule to get a stay of demand till the disposal of appeal by the CIT(A) are as under :

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Prashant Thakur

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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