Want conceptual clarity
This query is : Resolved
12 August 2011
Hello Experts,
Can anyone explain me about "garnishee orders" issued by Additional Commissioner of Income-Tax(ACIT).
When and why this order has been issued and what is the concept of this order???
Thank you in advance.
Can anyone explain me about "garnishee orders" issued by Additional Commissioner of Income-Tax(ACIT).
When and why this order has been issued and what is the concept of this order???
Thank you in advance.
12 August 2011
Basically, such orders are issued by the tax authorities to recover tax amount of an assessee.
.
By issuing such orders amount can be recovered from third parties like the debtors or borrowers of the assessee or from the assets of the assessee.
.
When the assessee does not pay tax, such orders can be issued to recover the tax amount.
.
By issuing such orders amount can be recovered from third parties like the debtors or borrowers of the assessee or from the assets of the assessee.
.
When the assessee does not pay tax, such orders can be issued to recover the tax amount.
Message likes :
1 times
12 August 2011
Thank you sir for explaining in such a nice way...
thnx a lot......
thnx a lot......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
