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 )
Notice of demand requires payment of specified tax; special timing rules apply for start up equity transfers. Section 156 requires the Assessing Officer to serve a notice of demand in the prescribed form specifying any tax, interest, penalty, fine or other sum ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Notice of demand requires payment of specified tax; special timing rules apply for start up equity transfers.
Section 156 requires the Assessing Officer to serve a notice of demand in the prescribed form specifying any tax, interest, penalty, fine or other sum payable; certain statutory intimations are deemed to be notices of demand. A special rule makes tax or interest on income from specified securities or sweat equity shares allotted by an eligible start up payable by the assessee within a limited period linked to the earliest of a post assessment expiry, the sale of the share, or cessation of employment with the allotting employer.
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