Section 418 — Recovery of tax in pursuance of agreements with foreign countries
(1) Where an agreement is entered into by the Central Government with the
Government of any country outside India for recovery of income-tax under
this Act and the corresponding law in force in that country and the Government
of that country or any authority under that Government which is specified in this
behalf in such agreement sends to the Board a certificate for the recovery of any
tax due under such corresponding law from—
( a) a resident; or
( b) a person having any property in India,
the Board may forward such certificate to any Tax Recovery Officer having juris -
diction over the resident, or within whose jurisdiction such property is situated and
thereupon such Tax Recovery Officer shall—
( i) proceed to recover the amount specified in the certificate in the manner
in which he would proceed to recover the amount specified in a certificate
drawn up by him under section 413; and
( ii) remit any sum so recovered by him to the Board after deducting his
expenses in connection with the recovery proceedings.
(2) Where an assessee who is in default or is deemed to be in default in making a
payment of tax,—
( a) is a resident of a country being a country with which the Central
Government has entered into an agreement for the recovery of income-
tax under this Act and the corresponding law in force in that country; or
( b) has any property in the country referred to in clause (a),
then, Tax Recovery Officer may forward to the Board a certificate drawn up by
him under section 413 and the Board may take such action thereon as it may deem
appropriate having regard to the terms of the agreement with such country.
Related sections
- Section 390 — Deduction or collection at source and advance payment
- Section 391 — Direct payment
- Section 392 — Salary and accumulated balance due to an employee
- Section 393 — Tax to be deducted at source
- Section 394 — Collection of tax at source
- Section 395 — Certificates
- Section 396 — Tax deducted is income received
- Section 397 — Compliance and reporting
- Section 398 — Consequences of failure to deduct or pay or, collect or pay
- Section 399 — Processing
- Section 400 — Power of Central Government to relax provisions of this Chapter
- Section 401 — Bar against direct demand on assessee
- Section 402 — Interpretation
- Section 403 — Liability for payment of advance tax
- Section 404 — Conditions of liability to pay advance tax
- Section 405 — Computation of advance tax
- Section 406 — Payment of advance tax by assessee on his own accord
- Section 407 — Payment of advance tax by assessee in pursuance of order of Assessing Officer
- Section 408 — Instalments of advance tax and due dates
- Section 409 — When assessee is deemed to be in default
- Section 410 — Credit for advance tax
- Section 411 — When tax payable and when assessee deemed in default
- Section 412 — Penalty payable when tax in default
- Section 413 — Certificate by Tax Recovery Officer and validity thereof
- Section 414 — Tax Recovery Officer by whom recovery is to be effected
- Section 415 — Stay of proceedings in pursuance of certificate and amendment or cancella-tion thereof
- Section 416 — Other modes of recovery
- Section 417 — Recovery through State Government
- Section 419 — Recovery of penalties, fine, interest and other sums
- Section 420 — Tax clearance certificate
- Section 421 — Recovery by suit or under other law not affected
- Section 422 — Recovery of tax arrear in respect of non-resident from his assets
- Section 423 — Interest for defaults in furnishing return of income
- Section 424 — Interest for defaults in payment of advance tax
- Section 425 — Interest for deferment of advance tax
- Section 426 — Interest on excess refund
- Section 427 — Fee for default in furnishing statements
- Section 428 — Fee for default in furnishing return of income, audited accounts and reports
- Section 429 — Fee for default relating to statement or certificate
- Section 430 — Fee for default relating to intimation of Aadhaar number