income tax
This query is : Resolved
CMA K SIVA KUMAR
(Querist)
19 October 2009
if the assesse unable to pay the income tax then income tax dept can recover the assessee debtors give me ans with provision or section
19 October 2009
yes they can , 226 of It act 1961, Chapter XVII, powers given u/s 222 to appoint a receiver to manage all movable / immovable properties
Not sure about debtors .check the relevant provisions as mentioned above
Not sure about debtors .check the relevant provisions as mentioned above
chetan soni
(Expert)
20 October 2009
They can recover the tax amount by attaching the assets of the assessee. They can even factor the debtors in case required.
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