# Assessment under section 143 (3) : Scrutiny assessment # Assessment under section 144 : Best judgment assessment #Assessment under section 147 : Income escaping assessment Income Tax Assessments Assessment Under Section 143(1) - An Auto-Processing Of ITR Meaning - This is a preliminary assessment...
The CBDT department has announced an extension for the filing deadline of income tax returns under section 92E is 15th December 2024 from 30th November 2024. Read Circular The deadline to submit your income tax return for 2024-25 has been extended to November 15, 2024, for audit cases. Re...
Section 143 (4): Where a regular assessment under sub-section (3) of this section orsection 144is made,— (a) any tax or interest paid by the assessee under sub-section (1) shall be deemed to have been paid towards such regular assessment; ...
Section 43(5)(d)(ii) of the Income-tax Act, 1961A V VishalEmail thisPrint this
Section 13(7.1) of the Income Tax Act requires, generally speaking, that a taxpayer reduce the capital cost of a fixed asset by the amount of government assistance received by the taxpayer with respect to the asset. In two recent ... Parsons,B Robert - 《Journal of Canadian Petroleum Techn...
You see an entire section of your tax return devoted to adjusted gross income, or AGI as it’s commonly referred to, but do you know how to calculate it? Even though the tax return will instruct you on how to compute it, a better understanding of the calculation can provide...
1. Definition of “salary”, “perquisite” and “profit in lieu of salary” (section 17) 1.1 What is salary? 1.2 What is a Perquisite? 1.3 What is profit in lieu of salary ? 2. Rates of income-tax as per Finance Act, 2022
6. You are required to include amounts in income under section 965 or you have a net tax liability under section 965 that you are paying in installments under section 965(h) or deferred by making an election under section 965(i).
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The Bombay High Court on January 24, 2025, disposed of the Public Interest Litigation (PIL) filed by the Chamber of Tax Consultants concerning the eligibility of the rebate under Section 87A of the Income Tax Act, 1961. Posted in Income Tax | 3408 Views Bombay High Court Upholds 2007 ...