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of <h1>Clause 416 of Income Tax Bill 2025: New Tax Recovery Methods, Compliance Rules, and Penalties for Non-Compliance.</h1> Clause 416 of the Income Tax Bill, 2025, outlines additional methods for tax recovery by the Assessing Officer or Tax Recovery Officer. If no certificate is issued under section 413, the Assessing Officer can recover taxes through specified modes. If a certificate exists, the Tax Recovery Officer can use these modes without affecting other recovery methods. The clause allows the deduction of tax arrears from salaries, mandates compliance with payment notices, and details procedures for handling joint accounts. It also addresses objections to notices, liability for false statements, and potential amendments to notices. Non-compliance can result in being deemed an assessee in default.
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