tailieunhanh - Ebook Tax laws and practice: Part 2

(BQ) Part 2 book "Tax laws and practice" has contents: Collection and recovery of tax, procedure for assessment; appeals, revisions, settlement of cases and penalties & offences; tax planning & tax manageme; basic concepts of international taxation, advance ruling and gaar,. and other contents. | Lesson 10 Collection and Recovery of Tax 451 Lesson 10 Collection and Recovery of Tax LESSON OUTLINE LEARNING OBJECTIVES – Collection and Recovery of Tax The Income-tax Act provides for collection and recovery of income-tax in the following ways, namely, – Payment of Income-Tax (a) Deduction of Tax at Source (i) deduction of tax at source in respect of income by way of salaries, interest on securities, interest other than interest on securities, winnings from lotteries and crossword puzzles, winnings from horserace, insurance commission, dividends, payment to contractors or subcontractors and payments to non- residents; Consequence in the event of default (Section 201) e-TDS Return : (b) Advance Payment of Tax – Due Dates and Installments of Advance Tax – Refunds (Sections 237 to 245) – Whom to apply for refund? (ii) advance payment of income-tax before the assessment by the assessee himself; – For failure to deduct and pay tax at source [Section 201] (iii) direct payment of income-tax by the assessee on self-assessment; and – Interest for belated payment of Income-tax [Section 220(2)] (iv) payment made after the assessment is made by the Assessing Officer. – Interest for default in furnishing Return of Income(Section 234A) Once the tax is being collected either by others, it is their duty to deposit the same to the credit of the Central Government under prescribed procedures stated under the Income Tax Act, 1961. Here the question of TDS arises and in this chapter this aspects of the Income Tax Act has been elaborately discussed with special emphasis on e-TDS and other relevant issues. – Interest for default in payment of Advance Tax (Section 234B) – Interest for deferment of Advance Tax (Section 234C) – Interest Receivable by the Assessee At the end of this lesson, you will learn; – Section 244A (Interest on refunds) – Lesson Round Up – What is tax deducted at source and tax collected at source – Self Test Questions – What are the rates of .

• Hoá học
• Tax laws and practice
• Recovery of tax
• Procedure for assessment
• Penalties & offences
• Tax planning & tax manageme
• Basic concepts
• International taxation
• Advance ruling
• Important definitions
• Basis of charge
• Residential status
• Total income
• Deductions from gross total income
• Constitutional provisions