Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights March 2022 Year 2022 This

Refund of tax paid as advance tax after opting for VDIS scheme - ...

Income Tax

March 31, 2022

Refund of tax paid as advance tax after opting for VDIS scheme - Since he did not submit any return under section 139 before this scheme, therefore involuntarily disclosed income, he ought to have disclosed his entire income. He cannot be permitted to commit mischief with the Act or VDIS by disclosing part of his income in VDIS and thereafter part of his income by submitting belated return - HC

View Source

 


 

You may also like:

  1. Disclosure of income under VDIS - set off of tax under VDIS with advance tax (including TDS) in regular course - a Section 70 and 71 mandate that the income disclosed in...

  2. Claim of refund of tax paid earlier since the return was treated as Invalid by the AO - delay in rectification of return u/s 139(9) - refund cannot be allowed - HC

  3. Can an Importer of goods or services opt to pay tax under composition scheme under GST?

  4. Can an exporter of goods opt to pay tax under composition scheme under GST?

  5. Inclusion of value of Gold declared under VDIS scheme of Income Tax Act by the partner in the hands of Firm - decided against the revenue - HC

  6. Opting out of scheme of compound levy / composite method of taxation on ground of closure of business - scheme once opted can be withdrawn only within the framework of...

  7. Revocation of certificates issued u/s 68(2) of VDIS - misrepresentation of Facts - since there is prohibition under VDIS, that when the amount so declared is already...

  8. Addition u/s 68. - VDIS scheme - Retraction of statement - Assessee failed to discharge the onus - HC

  9. Validity of manual revised returns filed - scheme of demerger approved - scheme of arrangement approved by NCLT required Petitioner and Hind Lamps to file revised...

  10. Due Date to Submit Advance Duty - Compounded Levy Scheme – The entire issue is technical in nature, and there is no loss of Revenue - stay granted - AT

 

Quick Updates:Latest Updates