Attachment threshold under section 230A increased, raising the monetary limit applicable to tax recovery procedures. Amendment increases the monetary limit in section 230A of the Income-tax Act by substituting the prior threshold of fifty thousand rupees with two lakh ... Summary
Attachment threshold under section 230A increased, raising the monetary limit applicable to tax recovery procedures.
Amendment increases the monetary limit in section 230A of the Income-tax Act by substituting the prior threshold of fifty thousand rupees with two lakh rupees in sub-section (1), thereby raising the statutory attachment/recovery threshold specified in that sub-section.
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