Violation of the above provision will result in prosecution under Section 275A. Under section 278B, where a corporation (*) commits an offence under the Income Tax Act, any person who was responsible and was responsible for the conduct of the business of the corporation and corporation at the time of committing the offence is considered guilty of the offence and may be prosecuted and punished accordingly. Article 206C regulates the provisions relating to the collection of withholding tax. If a person does not pay the tax he collects in honour of the government, he will be prosecuted under section 276BB. If, in any way, a person induces or causes to be created and delivered an account, statement or statement relating to income or ancillary services that are subject to tax, that is false and that the person knows to be false or does not believe to be true, or commits an offence under subsection (1) of section 276C, ( 6 ) Member States consider that Member States are in a position to take the necessary measures of non-payment of tax levied under the provisions of Article 206c A day ago it was learned on the Internet that income tax arrears are depreciated by companies. If so, what is the law to avoid recovering IT arrears from failing companies whose employees are subject to a monthly TDS? Now, SBI has released HRMS to allow its retirees to keep their information up to date; as I did not know that 20% of TDS of my May 2018 pension had been reduced, it is justified. The company had the advantage of having loans that were written off, and now the computer arrears are written off. Shame on the part of the officers dealing with this issue and also on the part of the Prime Minister. According to Article 278C, if a crime under the Income Tax Act was committed by an undivided Hindu family, the Karta is considered guilty of the offence and can be prosecuted and punished accordingly. If a person intentionally attempts to evade tax, penalties or interest, or to declare his or her income too low, a section 276C prosecution proceeding will be initiated against that person.
Subsection 142(2A) deals with special audit. Pursuant to subsection 142(2A), if the requirements for a special audit set out in subsection 142(2A) are met, the evaluating officer may request the taxpayer to have the taxpayer`s accounts audited or re-audited by an auditor appointed by the principal or chief auditor or the principal commissioner or the principal commissioner or the commissioner and to report on the audit in the prescribed form. must notify his appointment to the tax authorities, which are empowered to estimate the company`s income, within 30 days of taking office as liquidator. In such a case, the second reservation in Article 132(1) authorises the tax authorities to seize the property by retaining the property only instead of the taxpayer. In this case, the property is seized by the tax authorities without physically taking the assets with them. To that end, the authorized official would order the owner or person directly owned or controlled by the asset not to remove, separate or otherwise process the asset, unless there is prior authorization from such an agent. This act of the authorized representative is considered to be the seizure of such valuable property or property under the Income Tax Act. (b) the tax payable by that person (other than a corporation) on the total income determined at the time of the periodic assessment, less the pre-assessment tax if paid before the end of the taxation year, and TDS or TCS, as the case may be, does not exceed 10,000. Subsection 142(1) deals with the general provisions for a pre-assessment investigation.
Pursuant to paragraph 142 of section 142, the tax officer may require the taxpayer to file the income tax return if he or she has not filed the income tax return, or to present or have presented the accounts or documents requested by the taxpayer, and to provide information in writing and in the manner prescribed in that form and on those items or matters (including a list of all assets and liabilities of the tax officers and liabilities of the tax officers and the tax officers. taxpayers, whether indicated in the accounts or not), as required. If a person (hereinafter referred to as the first person) makes or has made a false entry or statement or of which the first person is aware, is false or does not believe that it is true, in all accounting books or other documents that are relevant or useful for proceedings against the first person or second person under the law, the first person will be prosecuted under section 277A. Article 276A provides for criminal proceedings in the event of non-limitation or non-elimination of the amount in accordance with the above provisions of §§ 178 sec. 1/178 para. 3 as well as proceedings in the event that the liquidator separates from one of the company`s assets or immovable property in his hands in breach of the provision of Article 178(3). 14. Second and subsequent infringements under Articles 276B, 276C(1), 276CC, 277 or 278 However, the taxable person shall not be prosecuted under this Section for failing to submit the income tax return referred to in Article 139(1) in good time if: if a taxable person fails to comply with his tax liability, the tax authorities may collect tax duties from him by seizing his movable and immovable property. If the taxpayer fraudulently removes, conceals, transfers or provides property or an interest in it to a person in order to prevent the property or interest from being seized for the purpose of refunding the tax, proceedings will be instituted under section 276.
If a taxpayer makes a return or report or a statement that is false and knows or believes to be false or does not believe to be true in a review under the Act or the rules issued under it, the taxpayer will be prosecuted under section 277. (a) eliminate the interface between the tax administration and the appraiser or any other person, to the extent technologically feasible; Often, during the search, it may not be possible to seize books, other documents, money, bars, jewellery or other objects or valuables for reasons other than those mentioned in the second reservation to Article 132 (paragraph 1 (as discussed above). In such cases, in accordance with Article 132(3), the tax authorities may notify the owner or the person in direct possession or control of an order which he may not withdraw, separate or otherwise process, unless previously authorised by such an official. That official may take the necessary measures to ensure compliance with the provisions of Article 132(3). The provisions of Articles 276B, 276C(1), 276CC, 277 or 278 have already been discussed. Section 278A provides for the prosecution of second or subsequent offences under these sections. If a person intentionally fails to repay his or her income under subsection 139(1) or in response to a notice under subsection 142(1) Z or section 148 or section 153A, the person will be prosecuted under section 276CC. Where a search is carried out by the tax authorities, the tax authorities may, in accordance with point (iib) of Article 132(1), require that any person be in possession or control of accounting records or other documents kept in the form of electronic records within the meaning of Article 2(1)(1), clause (t) of the Information Technology Act.
2000 (21 of 2000) to give the trustee the necessary opportunity to consult these accounting books or other documents. Persons who do not offer such a possibility shall be punished by a severe custodial sentence and a fine under Article 275B. If a person does not pay to the honor of the central government: (i) the tax withheld by him (i.e. TDS) or (ii) the tax on the distribution of dividends (DDT) under Article 115-O(2) or (iii) the tax on winnings from lotteries or crossword puzzles under Article 194B, then that person will be punished with a severe term of imprisonment and a fine under Article 276B. 9. The intentional failure to provide accounts and documents under section 142(1) or to comply with a direction under section 142(2A) deals with the disclosure of information by tax authorities to other officials, authorities, etc. Article 138(2) concerns the restriction on the reporting of information by the official. Article 280 provides for prosecution in the event of disclosure of information by the official in breach of Article 138(2).
Your email address will not be published. Mandatory fields are marked with a * (b) who has been designated as the beneficiary of the assets of a company, (ii) in any other case with a severe prison sentence for a prison sentence of at least three months, which can however extend to two years, and with a fine. Article 132 authorises the tax authorities to initiate a search procedure at the taxpayer`s premises. During the search, the tax authorities are also allowed to seize money, bars, jewelry or other valuables or objects found by the taxpayer. In general, confiscated money, precious metals, etc. are taken over by the tax authorities (i.e. in the custody of the government), but if it is not possible or practicable for the tax authorities to take physical possession of it or bring it to a safe place because of its volume, weight or other physical characteristics or because it is dangerous in nature […].