TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 23A Added to Wealth-tax Act: Outlines Appeal Process for Contesting Wealth Assessments and Tax Liabilities</h1> The Finance (No. 2) Act, 1998, introduces Section 23A to the Wealth-tax Act, effective October 1, 1998. This section outlines the right to appeal before the Commissioner (Appeals) for individuals contesting wealth assessments, tax liabilities, penalties, or orders under various sections of the Act. Appeals must be filed within 30 days of receiving the notice, with a fee, and require tax payment on declared net wealth. The Commissioner (Appeals) has the authority to hear appeals, conduct inquiries, and make decisions, including enhancing assessments or penalties, ensuring the appellant is given an opportunity to respond. The decision must be documented and communicated to relevant parties.
TaxTMI 
TaxTMI 
