Section 13 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in hindi
Notice of demand.
Any sum payable in consequence of any order made under this Act shall be demanded by a tax authority by serving upon the assessee a notice of demand in such form and manner as may be prescribed.
Summary
- This provision requires the tax office to send a formal notice when any money is owed to the government.
- The notice is called a notice of demand and it must follow a specific prescribed form and manner.
- It is issued after a final order has been made determining the amount of tax or penalty to be paid.
- Serving this notice is a necessary legal step before the government can begin collecting the debt.
- The notice clearly informs the person of how much they owe and why they owe it.
Practical examples
FAQ
1. What is a notice of demand under Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
Under Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, it is a formal document served to a person to demand payment of any sum due because of an order under the Act.
2. How will I receive a notice of demand under Section 13 of this Act?
According to Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the notice is served to you in a form and manner that is officially prescribed by the government rules.
3. Is Section 13 of the tax law only for tax or does it include penalties?
Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, applies to any sum payable in consequence of any order, which includes both tax and penalties.
4. Can the tax office demand money verbally instead of using Section 13 of this Act?
No, Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, requires a written notice of demand to be served upon the person.
Test yourself
Q1.Under Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, a notice of demand is issued for what purpose?
Q2.What format must the notice of demand follow under Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
Q3.Who must be served the notice under Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
Q4.Under Section 13 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, when is a notice of demand typically sent?