ITR Forms for AY 2026-27: Major changes you need to know For Assessment Year (AY) 2026-27 (Financial Year 2025-26), the Income Tax Department has introduced several key structural and reporting changes to ITR forms. These updates aim to improve transparency and align with the transition toward the Income Tax Act, 2025, which fully takes effect… Read More »
Section 414 Income Tax Act 2025 Tax Recovery Officer by whom recovery is to be effected. 414. (1) For the purposes of section 413, the Tax Recovery Officer shall be— (a) the Tax Recovery Officer within whose jurisdiction the assessee carries on his business or profession or has the principal place of his business or profession; or… Read More »
Section 422 Income Tax Act 2025 Recovery of tax arrear in respect of non-resident from his assets 422. Irrespective of anything contained in section 304(1) or (5), where the person entitled to the income referred to in section 9(2) is a non-resident, the tax chargeable thereon, whether in his name or in the name of his agent who is liable… Read More »
Section 420 Income Tax Act 2025 Tax clearance certificate. 420. (1) Subject to such exceptions as the Central Government may, by notification, specify in this behalf, no person,— (a) who is not domiciled in India; (b) who has come to India in connection with business, profession or employment; and (c) who has income derived from any… Read More »
Section 421 Income Tax Act 2025 Recovery by suit or under other law not affected. 421. The several modes of recovery specified in this Part shall not affect in any way:— (a) any other law for the time being in force relating to the recovery of debts due to Government; or (b) the right of the… Read More »
Section 419 Income Tax Act 2025 Recovery of penalties, fine, interest and other sums. 419. Any sum imposed by way of interest, fine, penalty, or any other sum payable under the provisions of this Act, shall be recoverable in the manner provided in this Part for the recovery of arrears of tax.
Section 418 Income Tax Act 2025 Recovery of tax in pursuance of agreements with foreign countries. 418. (1) Where an agreement is entered into by the Central Government with the Government of any country outside India for recovery of income-tax under this Act and the corresponding law in force in that country and the Government of… Read More »
Section 417 Income Tax Act 2025 Recovery through State Government. 417. If the recovery of tax in any area has been entrusted to a State Government under article 258(1) of the Constitution, the State Government may direct, with respect to that area or any part thereof that tax shall be recovered therein with, and as an… Read More »
Section 416 Income Tax Act 2025 Other modes of recovery. 416. (1) Where no certificate has been drawn up under section 413, the Assessing Officer may recover the tax by any one or more of the modes provided in this section. (2) Where a certificate has been drawn up under section 413, the Tax Recovery Officer may, without… Read More »
Section 415 Income Tax Act 2025 Stay of proceedings in pursuance of certificate and amendment or cancellation thereof. 415. (1) The Tax Recovery Officer may grant time for the payment of any tax and, till the expiry of such time, shall stay the recovery proceedings for such tax. (2) Where a certificate has been drawn up… Read More »