Section 30 of THE WEALTH-TAX ACT, 1957 in hindi
When any tax, interest, penalty, fine or any other sum is payable in consequence of any order passed under this Act, the 4[Assessing Officer] shall serve upon the assessee a notice of demand in the prescribed form specifying the sum so payable.
Summary
- This section explains how the tax department formally asks a person to pay an amount they owe.
- When an order is passed that results in a person owing tax, interest, penalty, or a fine, the Assessing Officer (the tax official handling the case) must issue a notice.
- This document is called a notice of demand.
- The notice of demand will specify the exact sum of money the person is required to pay.
Practical examples
FAQ
1. What is a notice of demand?
It is an official document from the tax officer telling you exactly how much tax, interest, or penalty you owe and demanding payment.
2. Who is responsible for sending the notice of demand?
The Assessing Officer, who is the tax official in charge of your assessment, is required to serve the notice upon you.
3. Does this apply only to the main wealth tax?
No, it applies to any tax, interest, penalty, fine, or any other sum you owe because of an order passed under the Act.
Test yourself
Q1.Under Section 30 of THE WEALTH-TAX ACT, 1957, what must the Assessing Officer do when a penalty becomes payable by an individual?
Q2.Under Section 30 of THE WEALTH-TAX ACT, 1957, which types of payments require a notice of demand to be served?
Q3.Under Section 30 of THE WEALTH-TAX ACT, 1957, who is the specific authority tasked with serving the notice of demand upon the taxpayer?
Q4.Under Section 30 of THE WEALTH-TAX ACT, 1957, what information must be included in the notice of demand?