Section 226 of ITA, 1961 : Section 226: Other Modes Of Recovery
ITA, 1961
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Explanation using Example
Imagine a scenario where Mr. Sharma, a software engineer, has unpaid taxes after the assessment of his income tax return. The Assessing Officer (AO) has issued a demand notice to Mr. Sharma for the unpaid taxes, but Mr. Sharma has not settled the dues within the stipulated time.
In order to recover the tax arrears, the AO decides to apply Section 226 of the Income-tax Act, 1961. Since Mr. Sharma receives a regular salary from his employer, ABC Tech Pvt. Ltd., the AO issues a notice to the company unde...
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