Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2015 Amends Income-tax Act Section 154: Expands Rights and Responsibilities for Tax Collectors Effective June 2015.</h1> Clause 37 of the Finance Bill, 2015, amends section 154 of the Income-tax Act, effective June 1, 2015. It introduces a new clause allowing income-tax authorities to amend intimations under section 206CB. The term 'collector' is added to various sub-sections, enabling collectors to file applications, receive refunds, be served notices of demand, and have the opportunity to be heard, similar to assessees and deductors. These changes ensure collectors have the same procedural rights and responsibilities as other parties involved in tax matters.