Assessment

Assessment under Income Tax Act 1961 means a written order of computation of total income by the assessing officer. The assessment of total income is done under different circumstances. One is when a person files return of income and the a processing by computer is done to assess the total income , tax payable or refundable. Then there is assessment after scrutiny under section 143(3). Similarly when search and seizure is conducted under section 132 of the Income Tax Act, A.O passess order fo assessment u/s 153A or 153C as teh case may be . Assessment also include reassessment.

Sahaj (ITR-1)

For AY 2019-20 -Sahaj (ITR-1) and SUGAM (ITR-4) Not Available to Many

CBDT has notified some amendments to Rule 12 of the Income Tax Rule and also new tax return forms (ITR-1 to ITR-7) for the...
TDS us 194-IA

Joint Owners Get Exemption u/s 194-IA Upto Rs 50 Lakhs Each-3 Separate ITAT Confirms...

As you already know , if you are selling immovable property , the buyer needs to deduct tax at source and deposit the same...

New Rules for Applying & Issue of Lower or Nil Deduction Certificate Simplified !

Income Tax Act provides a number of provisions -from section 192 to section 195-under which the payer of a sum on the ground of rent...

Attach a Selfie to Show You are Active -And Not a Shell Companies...

For quite long time , the menace of shell companies and their disappearance from the registered address is an issue. So now Ministry of...

How to Apply for Startup Recognition Under New Scheme 2019?

The government has changed the scheme for recognition of startup and various other tax benefits associated with startups vide a new notification dated 19/02/2019. Now...
section 281

Section 281 : TRO or A.O Not Empowered to Declared Transfer as Void

One of the tax laws often a taxpayer is threatened with is an application of section 281 of the Income Tax Act that provides...
section 36(1)(va)

Due Date Under Section 36(1)(va) Same as Section 43B – The Great Divide...

Have you received the intimation of adjustment on account of Audit Report mentioning the delay in deposit of employees contribution to PF ESI etc...
time limit for giving effect

What is the Time Limit to Give Effect to Appeal Orders ?

It is often found by taxpayers that the department does not so alacrity in giving effect to the orders of CIT(A) or ITAT when...

Six Budget 2019 Proposals That Will Save You Lots of Taxes

Budget 2019 presented today by Sri Piyush Goyal , Hon'ble Finance Minister has brought in least changes to the Income Tax Act . Here...

Circular for 20% Demand Payment Not “The Last Word” : SC, Mumbai & Other...

The high pitched assessments that raise astronomical high demands on taxpayers are also the  problem of commissioners of Income Tax . The awake from the...
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