Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax on distributed profits: failure to pay renders the company and its principal officer an assessee in default. Where a domestic company does not pay the tax chargeable on distributed profits, the company and its principal officer are deemed to be assessee(s) in ... Summary
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Tax on distributed profits: failure to pay renders the company and its principal officer an assessee in default.
Where a domestic company does not pay the tax chargeable on distributed profits, the company and its principal officer are deemed to be assessee(s) in default for the unpaid tax amount, and all statutory collection and recovery provisions for income-tax apply to recover that liability.
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