Tax Recovery Officer by whom recovery of tax dues is to be effected (1) The Tax Recovery Officer competent to take action under section 31 shall be the Tax Recovery Officer— (a) within whose jurisdiction — (i) the assessee carries on his business; (ii) the principal place of business of the assessee is situate; (iii) […]
Modes of recovery of tax dues (1) The Assessing Officer or the Tax Recovery Officer may require the employer of the assessee to deduct from any payment to the assessee such amount as is sufficient to meet the tax arrear from the assessee. (2) Upon requisition under sub-section (1), the employer shall comply with the
Recovery of tax dues by Tax Recovery Officer (1) The Tax Recovery Officer may draw up under his signature a statement of tax arrears of an assessee referred to in sub-section (4) or sub-section (5) of section 30, in such form, as may be prescribed (such statement hereafter in this Chapter referred to as “certificate”).
Assessment Year (AY) and Financial Year (FY) are two important terms in income tax and financial planning. They are used to determine the taxation of an individual or entity’s income. While both terms are fundamental to understanding tax obligations and planning, their definitions, functions, and implications are markedly different. In this guide, we will delve
Jamabandi in Indian property records shows the history of land ownership. This document encapsulates the essence of rural and urban landscapes, narrating tales of past generations. Jamabandi breathes life into the very soul of Indian real estate by preserving the tangible heritage on paper. Meaning of Jamabandi In India, jamabandi refers to a land revenue
The Possession letter is one of the key documents that a property seller hands over to the property buyer. The possession certificate in India is usually given by the Tehsildar (in rural areas) and Revenue Divisional Officer (in urban areas). The buyer can use this certificate to secure a loan from financial securities too. A
UAN or Universal Account Number is a number allotted to all salaried employees, who contribute a part of their income towards the Employee Provident Fund (EPF). The reason is, UAN is a unique identification number that is linked to your EPF and is allotted by the Employees’ Provident Fund Organisation (EPFO). What is UAN? The Universal
An income tax return is a communication made to the Income Tax Department by the taxpayer, informing the department about the financial details of the taxpayer. The details are provided for every financial year and include figures such as the taxable income and tax liability of the taxpayer. Depending on the category of the assessee,
A Pay Commission is set up by the Government of India and it recommends the changes in the salary structure of central government employees. Millions of government employees are waited for the 7th Pay commission to be implemented as it will increase their allowances, salary, and other benefits. The Current 7th Pay Commission was to
Maharashtra vehicle tax or Maharashtra road tax is a type of tax levied on all vehicle before it is used in public. Vehicle tax must be paid to the Government after purchasing a vehicle either for personal or for commercial purpose. Maharashtra is considered as one of the busiest states in the country with the
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