Answers On Category: Income-Tax
Can assessee suo moto approach DVO for valuation, even if AO is not approaching DVO for the same?
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The assessee has filed first appeal which is pending for final disposal , meantime the department has attached the bank account . The assessee has paid now 20% of tax in dispute . Whether the revenue will lift the attachment of bank account . If the revenue does not lift the bank attachment , what is the remedy available to the assessee?
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I just want to know, if am settling my sisters with an X amount for the property that I inherit from my father. Will that X amount is taxable or not?
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Can the Department can take recovery proceedings against a Director of Limited Company under section 179 of the Act for recovery of Tax due of the Company?
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Assessee is a Senior citizen , he was one of the Director in a company . The department has launched prosecution against all the Directors including the assessee. The assessee has moved an application for discharging him as he was not involved in day to day activities of the company . Magistrate, dismissed his application for discharge , what is the remedy ?
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Assessing Officer has passed the final order , without providing a draft assessment order . Can the assessee file writ petition against the order as the Assessing officer has not passed draft assessment order which is mandatory .?
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Assessing officer has passed the assessment order without giving a reasonable opportunity to the assessee can the assessed file the writ petition against the assessment order ?
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What is the law and procedure to be followed for renewal of Registration as per new provision of Section 12AB of the Income tax Act, 1961 (Act)?
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Can the prosecution be initiated during the pendency and before the completion of assessment or during the pendency of Appeal before the appellate authority?
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For Income tax assessment For how much period the books of accounts are required to be kept under the Income - Act, 1961?
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