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Best judgment assessment under section 144 of Income Tax Act 1961

Best judgment assessment  under section 144 of Income Tax Act 1961 What is assessment under section 144? ​​​​​Assessment under section…

6 years ago

What is the procedure adopted for making the assessment under sec 143(3) of Income Tax Act i.e. scrutiny assessment?

What is the procedure adopted for making the assessment under sec 143(3) of Income Tax Act i.e. scrutiny assessment? In…

6 years ago

Which Income Tax appeals (Income tax appeal pending) are covered under the Vivad se Vishwas?

Which Income Tax appeals (Income tax appeal pending) are covered under the Vivad se Vishwas Scheme? Vivad se Vishwas Scheme…

6 years ago

Income Tax Return (Financial Year 2019-20, Tax Audit Financial Year 2019-20, Vivaad se Vishwas Scheme Extended, Date of assessments getting barred as on Sep 30, 2020, Date of assessments getting barred as on March 31)

Income Tax Return (Financial Year 2019-20, Tax Audit Financial Year 2019-20, Vivaad se Vishwas Scheme Extended, Date of assessments getting…

6 years ago

Am I required to keep a copy of the Income Tax Return filed as proof and for how long ?

Am I required to keep a copy of the Income Tax Return filed as proof and for how long ?…

6 years ago

Gift received by an individual from Hindu undivided family (HUF) isn’t exempt: Income Tax Appellate Tribunal || Gyanchand M. Bardia v. The Income Tax Officer

Gift received by an individual from Hindu undivided family (HUF) isn't exempt Gyanchand M. Bardia v. The Income Tax Officer…

6 years ago

Insertion of new section 80M Deduction in respect of certain intercorporate dividends.

Insertion of new section 80M  (Budget 2020) After section 80LA of the Income-tax Act, the following section shall be inserted…

6 years ago

Tax Deducted at Sources Amendment made by Finance Act in TDS applicable from 01st -April-2020 ||Tax Collected at Sources (TCS) With effect from 01-10-2020

Tax Deducted at Sources Amendment made by Finance Act in TDS applicable from 01st -April-2020 TDS (Tax Deducted at Sources)…

6 years ago

Income Tax and GST/Indirect Tax Compliance Matters Due Date Extended || Chart of Extended Important Due Date

Finance Minister announces several relief measures relating to Income Tax and GST/Indirect Tax compliance matters across Sectors in view of…

6 years ago

What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income tax Act 1961? ||

The Income-tax Act 1961 does not prescribe any specific books of account for a person engaged in business or in…

6 years ago