The Income Tax Department reclaimed Rs 40 lakh from the High Court Bar Association

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The Allahabad Supreme Court Bar Association has filed a motion with the High Court against the Income Tax Bureau’s collection of a tax of around 40 lakh rupees. Bars. has contested the decision on income tax and the amount collected. Bars. It states that it is an organization created for the benefit of the members, which is in no way doing business and therefore does not fall within the scope of income tax. In the petition, the Bar Association stated that the Income Tax Department levied Rs 39.68.313 as income tax for the 2017-18 year. This repayment was made unilaterally. On the other hand, the bar association has also submitted a request for revision to the income tax office, which has not yet been dealt with. The association says that about one and a half hundred lawyers whose families were sent to Bar Aso have died because of the corona epidemic. Compensation of Rs.5 lakh will be given from the In such a situation it will be easier for the Bar Association to assist the lawyers’ families in getting the recovered amount back.

The association’s tax advisor, Dr. Pawan Jaiswal says the High Court Bar Association is a registered body under the Societies Registration Act. The association only works for the mutual benefit of its members. The income of an organization that works for mutual benefit is exempt from income tax. The main source of income of the association is the membership fee of the members and the income from affidavits. Part of this income is deposited in a fixed deposit account, the interest of which is used for the medical care of the lawyers. The petition states that the bar association filed a petition for revision of the income tax assessment, which also opened the proceedings for 2016-17. A separate application was also made against this.

Detailed

The Allahabad Supreme Court Bar Association has filed a motion with the High Court against the Income Tax Bureau’s collection of a tax of around 40 lakh rupees. Bars. has contested the decision on income tax and the amount collected. Bars. It states that it is an organization created for the benefit of the members, which is in no way doing business and therefore does not fall within the scope of income tax.

In the petition, the Bar Association stated that the Income Tax Department levied Rs 39.68.313 as income tax for the 2017-18 year. This repayment was made unilaterally. On the other hand, the bar association has also submitted a request for revision to the income tax office, which has not yet been dealt with. The association says that about one and a half hundred lawyers whose families were sent to Bar Aso have died because of the corona epidemic. Compensation of Rs.5 lakh will be given from the In such a situation it will be easier for the Bar Association to assist the lawyers’ families in getting the recovered amount back.

The association’s tax advisor, Dr. Pawan Jaiswal says the High Court Bar Association is a registered body under the Societies Registration Act. The association only works for the mutual benefit of its members. The income of the mutual benefit organization is exempt from income tax. The main source of income of the association is the membership fee of the members and the income from affidavits. Part of this income is deposited in a fixed deposit account, the interest of which is used for the medical care of the lawyers. The petition states that the bar association filed a petition for revision of the income tax assessment, which also opened the proceedings for 2016-17. A separate application was also made against this.

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( News Source – Amar Ujala )

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