Question And Answer
Subject: DTVSVS
Category: 
Querist: MANOJ KUMAR MITTAL
Answered by:
Tags: , , ,
Date: December 22, 2021
Query asked by MANOJ KUMAR MITTAL

FORM 3 ISSUED. HAVING BALANCE IN PD ACCOUNT WITH THE INCOME TAX DEPARTMENT DUE TO CASH SEIZED AND ASSESSMENT MADE. CAN I PAY FROM PD ACCOUNT UNDER DTVSVS.

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Answer given by

The asseessee can write to the Designated Authority to adjust the cash seized . The assessee has to follow the procedure prescribed under section 132B of the Act. If there is no existing liability the Designated Authority can adjust the cash seized against the liability



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One comment on “DTVSVS
  1. ankur agrawal says:

    Could you please reply on the above query of adjustment of cash seized with the demand of DTVSV. If any case law available .

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