Webunder section 162, 212, or 469 of the Code, or a farming business under section 162, 199A, or 263A of the Code. (1) A taxpayer is described in this section 3.01(1) if the taxpayer did not file a section 163(j)(7) election with its timely filed original Federal income tax return or Form WebMar 6, 2024 · (1) When an assessee is in default or is deemed to be in default in making a payment of tax, the Tax Recovery Officer may draw up under his signature a statement in the prescribed form67 specifying the amount of arrears due from the assessee (such statement being hereafter in this Chapter and in the Second Schedule referred to as “certificate”) …
T4144: Income Tax Guide for Electing under Section 216
Web216 When value is received (1) This section applies for the purposes of sections 213 (value received by the investor) and 218 (value received where there is more than one issue of … WebExplanation.-. For the purposes of this section, any instalment due before the expiry of six months from the commencement of the previous year in respect of which it is to be paid … how do you unjam a paper shredder
Section 217 in The Income- Tax Act, 1995 - Indian Kanoon
WebMar 6, 2024 · (a) under section 209A or section 212 under-estimated the advance tax payable by him and thereby reduced the amount payable in either of the first two instalments; or (b) under section 213 wrongly deferred the payment of advance tax on a part of his income ; he may direct that the assessee shall pay simple interest at fifteen per … WebThanks to Section 216 of the Income Tax Act, this is possible. Section 216 allows the non-resident to pay the tax on the net amount rather than the gross amount of rental income, … WebApr 28, 2024 · Section 216 of the Income Tax Act: Interest payable by assessee in case of under-estimate, etc Where, on making the regular assessment, the Assessing Officer finds … how do you unjam paper in a hp printer