Recovery Proceedings & Stay of Demand | RAM DUTT SHARMA | Commercial Law Publishers | 2022 Paperback Edition
Product details
This book by Ram Dutt Sharma covers the legal procedures and guidelines related to recovery proceedings and stay of demand under the Income Tax Act. It provides a thorough explanation of the process taxpayers and tax professionals need to follow when dealing with recovery orders issued by the Income Tax Department and the conditions under which a stay of demand can be granted.
Key Features:
- Recovery Proceedings Under Income Tax Law: Detailed analysis of the procedures followed by the Income Tax Department when recovering taxes from a taxpayer, including attachment of assets, bank accounts, and other legal actions.
- Conditions for Stay of Demand: Insight into the circumstances under which a taxpayer can apply for a stay on recovery proceedings, and the legal criteria involved.
- Legal Provisions & Case Laws: Explanation of relevant legal provisions and case laws that govern the recovery and stay of demand under the Income Tax Act.
- Procedure for Seeking Stay: Step-by-step guide on how taxpayers can seek a stay on demand, including forms, documents, and the process of applying for stay orders.
- Impact of Stay on Recovery: Understanding how granting a stay can delay or halt recovery proceedings and the implications of such decisions for taxpayers.
- Practical Tips: Tips and recommendations for taxpayers facing recovery proceedings or seeking to delay demands, and best practices for handling such situations.
- Relevance to Taxpayers & Professionals: A valuable resource for individuals, tax consultants, lawyers, and accountants dealing with tax recovery issues and stay of demand applications.
This book is an essential guide for taxpayers, tax professionals, and legal experts, helping them navigate the complexities of tax recovery and stay of demand in accordance with the Income Tax Act. It ensures that readers can make informed decisions and take the right steps in protecting their financial interests when faced with tax recovery actions.
