interest and penalties collected under income tax belongs to whom CG or to both CG& SG
for what purpose they can use such amount.
Menu
Interest and penalties under income tax
Replies (1)
Income Tax is a Central Tax and hence it belongs to CG
Use of tax collections along with interest penalties are as per constitutional norms
Use of tax collections along with interest penalties are as per constitutional norms
Recent Topics :
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
Related Topics :
CAclubindia
