WorkIndex/Income Tax Recovery 20 Percent Deposit
Compliance guide

Income Tax Recovery 20 Percent Deposit
India-specific preparation guide

Income Tax Recovery 20 Percent Deposit needs current-law checks, portal verification, documents and a precise brief before you compare experts on the WorkIndex work index.

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Last fact-checked: 2026-06-27
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Official-source cautious
India specific
Aspinwall SC (April 13, 2026) - amalgamation loss no statutory provision | RRPR Holdings SC (April 2, 2026) - second reassessment same transaction quashed | Prannoy Roy Delhi HC (Jan 19, 2026) - repeated reassessment Articles 14/300A violation | Homebuyer Delhi HC - seized documents reassessment valid | Microsoft India Delhi HC - 8-year refund delay condemned | GE Group Delhi HC TDS 3.5% quashed → 1.5% | 20% deposit stops recovery | IT Rules 2026 notified March 20 2026 for IT Act 2025 digital search powers | Section 72A loss 8-year cap Budget 2025

What this page helps you decide

Income Tax Recovery 20 Percent Deposit is best handled after identifying the exact scope, period, applicable portal and documents. Use this page to prepare a sharper expert brief instead of relying on generic summaries.

  • Identify the exact period, assessment year or tax year, income head, entity type and portal status before applying Income Tax Recovery 20 Percent Deposit.
  • Reconcile source data such as AIS/TIS, Form 26AS, books, bank statements, invoices, notices and prior returns.
  • Ask the expert to flag regime choice, deduction limits, disclosure schedules, penalty exposure and expected deliverables.
  • Do not rely on old blog summaries where forms, deadlines, sections or portal utilities have changed.
Fact check

Accuracy notes before you act

  • Angel Tax under Section 56(2)(viib) is fully abolished for all classes of investors for shares issued on or after April 1, 2025 (FY 2025-26 onwards).
  • Legacy angel tax disputes for prior AYs remain active and require validation of share premiums under Rule 11UA DCF/NAV methods.
  • Buyback Tax under Section 115QA is abolished for companies from October 1, 2024; buyback proceeds are taxed as deemed dividends for shareholders at slab rates.
  • LTCG on listed equity is taxed at a flat 12.5% (exemption threshold ₹1.25L) and STCG is taxed at 20% under the current Finance Act.
Documents

Documents and facts to keep ready

  • PAN, Aadhaar, GSTIN, CIN/LLPIN, TAN or registration details where applicable.
  • Relevant financial year, assessment year, tax year, return period, due date and notice number.
  • Books, invoices, payroll, bank statements, contracts, prior filings and portal screenshots.
  • Expected output: filing, registration, correction, advisory memo, notice response, audit report or recurring compliance.
Care points

Common mistakes to avoid

  • Using an old due date, old section number or old form without checking the live portal.
  • Posting a vague requirement without period, entity type, city, documents and deadline.
  • Comparing quotes without clarifying government fee, professional fee and exclusions.
  • Skipping reconciliation with AIS/TIS, books, Form 26AS, GST data or bank records.
  • Treating explanatory SEO content as final tax, legal, audit or investment advice.