Deduction / Payment of Tax Chapter- 23
164 42
Certificate of collection or deduction
of tax148 to
156A &
231A to
236YWithholding Taxes Presentation in
Chart Form165 44 Statement of tax deduction MCQ’S with solutionsICMAP & CA Mod C past papers theoretical questionsFor CA MOD F & ICMAP students- Due date of payment of tax [Section 137]
SR. Due date of payment of tax
The tax payable by a taxpayer on the taxable income of the taxpayer including minimum tax
or tax payable by a retailer for a tax year shall be due on the date for furnishing of return of
income for that year.
(^) Where any tax is payable under an assessment order or an amended assessment order a
notice shall be served upon the taxpayer specifying the amount payable within 30 days
from the date of service of the notice.
Where a taxpayer is allowed to pay tax by instalments and the taxpayer defaults in payment
of any instalments, the whole balance of the tax outstanding shall become immediately
payable. This facility is not for tax payable with the income tax return.
Upon written application by a taxpayer, the Commissioner Inland Revenue on reasonable
grounds shown may grant the taxpayer an extension of time for payment of tax due or in
instalments of equal or varying amounts as the Commissioner Inland Revenue may deem fit.
The payment of tax after having an extension of time to pay tax due or tax to be paid in
instalments shall be made along-with default surcharge u/s 205 of the Ordinance.
Provided that the due date for payment of tax payable under section 147(7) shall be the date
specified in subsection (5) or sub-section (5A) or first proviso to sub-section (5B) of section
147.
Recovery of tax out of property and through arrest of taxpayer [Section 138]
For recovery of any tax due by a taxpayer, the Commissioner Inland Revenue may serve a notice
requiring him to pay the said amount within such time as specified in the notice.
If the amount of tax is not paid within specified time or within the further time as allowed by the
Commissioner Inland Revenue, then he may proceed to recover from the taxpayer the said amount
by one or more of the following modes, namely: -
(a) attachment and sale of any movable or immovable property of the taxpayer;
(b) appointment of a receiver for the management of the movable or immovable property of the
taxpayer;
(c) arrest of the taxpayer and his detention in prison for a period not exceeding six months. and
(d) as specified under clauses (a), (ca) and (d) of sub-section (1) of section 48 of the Sales Tax
Act, 1990.
Form of notice of recovery to be issued by commissioner inland revenue [Rule 123]
The notice required to be served upon the taxpayer u/s 138 shall be in the form as prescribed in part-
Ill of First Schedule to these rules.
Mode of service of notice [Rule 1 24]
The notice referred to in rule 123 and other notices under rules contained in this part shall be served
as provided in section 218 of the ITO, 2001.
Time limit for execution of the notice [Rule 1 25]