Wednesday, May 13, 2020

Scope of Reasons vis-à-vis Reassessment under Section 148

Introduction The Income Tax Act, 1961 is in itself a complete code concerning the procedure of completing assessments/reassessments qua the assessees subject to the embedded riders in forms of sanctions/approvals of the competent authority, time-constraints subject to residential status/ location of the source of income and monetary ceilings applicable. Recording of reasons to believe that […]

from Taxscan | Simplifying Tax Laws https://ift.tt/35SAN2b

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