Recovery of Outstanding Tax Demand- Resources with the assesse
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RECOVERY OF OUTSTANDING TAX DEMAND
Month of February is the Valentine month and everyone in this world must grapple with their respective valentine. Taxman will also be busy with their valentine i.e. Recovery of the tax arrears whereas tax practisoners will also be busy with their valentine i.e. Protection of assesse and how to prevent unjust recovery of such exorbitant demand of the assesse from the wrath of the taxman.
RECOVERY of tax demand is the buzz word which thrilled to the taxman on one hand but simultaneously frightened to the assesse and tax practisoners on other hand as well especially in case of high pitched assessment. Now a days Recovery of tax demand becomes an adventurous task for the department due to flux of information flowing to them thanks to the advancement of technology coupled with pressure from higher Authorities. Taxman used to resort various coercive actions like attachment of bank accounts, Debtors, Immovable properties etc through garnishee orders despite the fact that moto of the Income tax department i.e. कोष मà¥
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