The Tribunal ruled that post-notification reassessment notices must strictly follow the faceless assessment framework. Issuance by a jurisdictional AO renders the notice without authority and the ...
The Tribunal ruled that the Assessing Officer could issue a reassessment notice only within the balance days available after excluding the stayed period. Issuance beyond that surviving window renders ...
ITR reassessment: Filing income tax returns, a crucial financial task, poses complexity and error potential, possibly leading to an unsettling tax notice issuance by ...
Have you also received notice from the income tax department under Section 148? Know what you can do
For the assessment year 2018-19 or subsequent years, if your undisclosed income is more than Rs 50 lakh, you may receive a Section 148 notice from the Income Tax Department by August 31, 2024. If ...
Under Section 148 of the Income Tax Act, 1961, a notice can be issued by the Assessing officer to reassess a taxpayer's income tax return (ITR) if he has reason to believe that any income chargeable ...
Some income taxpayers have reportedly received notices under section 148, which is related to the reopening of assessments for the assessment years 2014-15, 2015-16, 2016-17 and 2017-18. A former ...
Union Budget: The Finance Bill 2024 introduces amendments to Section 148A of the Income-Tax (I-T) Act, which pertain to the time limits for issuing notices regarding the reopening of assessments.
In a decision that has far-reaching implications, the Supreme Court declared that notices served under Section 148 of the Income Tax Act, must be deemed to have been issued under 148A. The decision of ...
NRIs receive notice relating to past investments and issues concerning tax filing Add as a preferred source on Google NRI investments made in India over the past years, for which no income tax returns ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results