Search results
Mar 27, 2024 · What is section 156? Notice for income tax demand notice under section 156 of Income Tax act is a notice issued by the Assessing Officer when any tax, interest, penalty, fine, or any other sum is payable by the assessee as a result of any order passed under the Income Tax Act.
The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts.
Section 156 in The Income Tax Act, 1961. 156. Notice of demand. - When any tax, interest, penalty, fine or any other sum [* * *] [ Certain words omitted by Act 13 of 1966, Section 32 and Schedule III (w.e.f. 1.4.1967).] is payable in consequence of any order passed under this Act, the [Assessing Officer] [ Substituted by Act 4 of 1988, Section ...
Tax filing for traders. Launch your business. Services for businesses. Trademark. TDS returns. section 156 notice of demand income tax act 1961 1962.
Mar 25, 2023 · Section 156 of the Income Tax Act, 1961 deals with the notice of demand that is issued by the tax authorities to taxpayers who have outstanding tax liabilities.
Nov 4, 2023 · Section 156 of the Income Tax Act is a demand notice issued by the Assessing Officer to notify the taxpayer of their liability and also specifies the due date for payment.
INCOME TAX SECTION 156 - Notice of demand. Description. When any tax, interest, penalty, fine or any other sum is payable in consequence of any order passed under this Act, the Assessing Officer shall serve upon the assessee a notice of demand in the prescribed form25 specifying the sum so payable :
May 1, 2019 · If any demand for tax, interest, penalty, fine or any other sum is raised by the Assessing Officer as per the provision of Income Tax Act, 1961 then he shall serve a notice of such demand to the assessee u/s 156 specifying the amount payable.
Mar 9, 2023 · The amended provision of section 156 is effective for financial year 2022-23 relevant to the assessment year 2023-24. In this article, you will learn detail of the provisions of section 156 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.
What is Section 156? Section 156 of the Income Tax Act empowers the Assessing Officer (A.O.) to issue a notice of demand when any tax, interest, penalty, fine, or other sums are payable by the taxpayer as a result of an order passed under the Income Tax Act.
