what income tax department do ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2010
what income tax department/assessing officer do if any person not appear for income tax assessment or not pay penalty/tax under best judgement assessment?
29 August 2010
1.Can initiate penalty proceedings under section 271(1)(b) for non appearance.
2.Penalty can be levied for non payment, under section 221(1), of demanded tax.
3. Interest can be levied for non payment/ delayed payment,under section 220(2), of demanded tax
4.Recovery proceedings can be initiated under section 222(1) of the Income tax Act,1961.
2.Penalty can be levied for non payment, under section 221(1), of demanded tax.
3. Interest can be levied for non payment/ delayed payment,under section 220(2), of demanded tax
4.Recovery proceedings can be initiated under section 222(1) of the Income tax Act,1961.
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