Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
An Overview of Income Tax Notice The Indian tax system includes an essential portion of income tax, and taxpayers must abide by its rules. However, there are times when the tax authorities may send income tax notices to people or companies. The tax division uses these notifications to ...
Though According to income tax laws, filing the return and updating your ITR status is mandatory for every individual or entity whose income exceeds the threshold limit mentioned in the Income Tax Act-1961. There are certainly many benefits of filing of ITR:- ...
Poojitha Raam Published inIncome Tax Views : 125 Attached File :1442821_4530_1633086317_ganpat_sanghvi_706.pdf downloaded 81 times ShareReport Abuse Comments Be the first to leave a comment. Your are not logged in . Please login to post comments. ...
Scope -Assessment under section 147 is carried out if the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year. #Within 9 months from the completion of the financial year in which the notice under section 148 was served (if ...
An official release said these groups/individuals utilized the services of a Dubai-based financial service provider to create a dubious and complex web of foreign companies and trusts based in tax havens such as Mauritius, UAE, BVI, Gibraltar etc. to hold their unaccounted assets. The cr...
In September 2015, Kohli became a co-owner of the International Premier Tennis League franchise UAE Royals In March 2013 Virat Kohli started,Virat Kohli Foundation (VKF), where his brother Vikas and Sajdeh are trustees. The foundation focuses on providing education for underprivileged children and ...