Section 281 of Income Tax Act 1961

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....ection 281 of Income Tax Act 1961<br> Query (Issue) Started By: - Bijay Shrestha Dated:- 21-12-2016 Last Reply Date:- 22-12-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>A person is taking loan from....

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.... outsiders for which he wants create charge on his House or he wants to gift his house to his friend. He does not have any dues/proceedings pending to Income Tax and also has not received any demand....

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.... from Income Tax. Now my query is - Is he required to get certificate from Income Tax department u/s 281 before such creation of charge or gift as the case may be? Please kindly suggest. Reply By....

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.... MARIAPPAN GOVINDARAJAN: The Reply: Section 281 is applicable to cases where the amount of tax or other sum payable or likely to be payable exceeds five thousand rupees and the assets charged or tran....

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....sferred exceed ten thousand rupees in value.<br> Discussion Forum - Knowledge Sharing ....