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 Topic
- Clubbing of deceased's income
- Как быст
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
- Capital gains or losses when new equity was issued
- Looking for a FMCG foods business to acquire
- Sale of mutual fund in zerodha and AIS
Related Topics
CAclubindia
