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of <h1>Income Tax Bill 2025 Clause 517 requires receipts for all tax payments and recoveries</h1> Clause 517 of the Income Tax Bill, 2025 mandates that a receipt shall be given for any money paid or recovered under the Act. This provision is identical to Section 289 of the Income-tax Act, 1961, reflecting legislative continuity in maintaining procedural safeguards. The requirement serves dual purposes: ensuring transparency and accountability in tax administration while protecting taxpayers through documented proof of payment. The provision applies to all payments made voluntarily by taxpayers and amounts recovered through enforcement actions. While the statutory language remains unchanged, implementation has evolved significantly with digital transformation, incorporating electronic payment systems and online acknowledgments. The provision imposes a mandatory obligation on receiving authorities to issue receipts but remains silent on format, timeframe, and consequences of non-compliance. Despite technological advances, the fundamental principle of requiring formal acknowledgment for tax transactions continues to play a critical role in dispute resolution and maintaining proper records in tax administration.
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