Prepayment requirement for wealth tax returns: tax must be paid with proof before filing, with monthly penalty for default. Tax computed on statutory returns must be paid before filing and accompanied by proof of payment; failure to pay entitles the Wealth tax Officer to impose a monthly penalty on the unpaid tax, but the assessee must be given a reasonable opportunity to be heard before penalty is levied.
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.
Provisions expressly mentioned in the judgment/order text.
Prepayment requirement for wealth tax returns: tax must be paid with proof before filing, with monthly penalty for default.
Tax computed on statutory returns must be paid before filing and accompanied by proof of payment; failure to pay entitles the Wealth tax Officer to impose a monthly penalty on the unpaid tax, but the assessee must be given a reasonable opportunity to be heard before penalty is levied.
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