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Tax payable set off with cash seized

Tax queries 210 views 4 replies

HAI

CAN ANYONE TELL,INCOME TAX PAYABLE AMOUNT CAN BE ADJUSTED WITH CASH SEIZED BY INCOME TAX ON RAID(RAID CASE IS GOING ON).

Replies (4)

No, income tax payable is completely different element so it cant be adjusted

TQ MADAM.

IS THEIR ANY  PROVISIONS REGARDING THE SAME  .

Section 132B may be consulted.

TQ SIR

I GOT IT.EXPLANTION2 TO SEC 132B


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