Other Provisions under Refunds : In all cases where an assessment or reassessment is completed and any tax, interest, penalty, fine or any other sum is payable by the assessee, the […]
All posts by Varun Gupta
Professional Tax Consultant and Article Writer
Set off of refunds against tax remaining payable [Section 245] – Income Tax
Set off of refunds against tax remaining payable [Section 245] : Where a refund is found due to any person, the Assessing Officer, Deputy Commissioner (Appeals), Commissioner (Appeals) or Chief Commissioner or […]
Interest on Refunds [Section 244A] – Income Tax
Interest on Refunds [Section 244A] : (1) Section 244A provides that interest at ½% for every month or part of a month shall be payable on tax or penalty becoming refundable […]
Correctness of assessment not to be questioned [Section 242] – Income Tax
Correctness of assessment not to be questioned [Section 242] : While making a claim for refund, an assessee cannot question the correctness of any assessment or other matter decided which has become […]
Eligibility and procedure – Income Tax
Eligibility and procedure: An assessee is entitled to claim a refund of tax if the tax actually paid (and not merely payable) by him or on his behalf for any assessment […]
Recovery by suit or under other law [Section 232] – Income Tax
Recovery by suit or under other law [Section 232]: Section 232 provides that the Assessing Officer or the Government can have recourse to the other modes of recovery under any other law […]
Tax Clearance Certificate [Section 230] – Income Tax
Tax Clearance Certificate [Section 230]: Sub-section (1) provides as follows – (1) No person, who is not domiciled in India and who has come to India in connection with business, profession […]
Priority as regards recovery of taxes – Income Tax
Priority as regards recovery of taxes: Any claim in regard to any property in relation to which a notice under this section is issued, shall be void as against any […]
Other modes of recovery [Section 226] – Income Tax
Other modes of recovery [Section 226] : (1) Where no certificate has been drawn up under section 222 the Assessing Officer may recover the tax by any one or more of […]
Stay of proceedings in pursuance of certificate and amendment or cancellation thereof [Section 225] – Income Tax
Stay of proceedings in pursuance of certificate and amendment or cancellation thereof [Section 225] : (1) It shall be lawful for the Tax Recovery Officer to grant time for the payment […]