Wednesday, May 20, 2020

No time limit is prescribed u/s 206C(1A) to make declaration in Form 27C collected from buyers

INCOME TAX : For availing benefit of not collecting tax at time of sale of goods aimed for specified purposes, a verified declaration in prescribed Form should be provided by buyers to seller; however, no time limit is prescribed for furnishing such declarations

from www.taxmann.com Latest Case Laws https://ift.tt/2Tm0cwb
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...