Any Income derived from a Capital asset movable or immovable is taxable under the head Capital Gains under Income Tax Act 1961. The Capital Gains have been…
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Faceless assessment scheme
Faceless assessment means carrying out of income tax assessment procedure without human interface with the use of technology wherein, a centralized NeAC (National Electronic Assessment…
Continue Reading....Compulsory Complete Income Tax Scrutiny Guidelines during FY 2020-21
F.No.225/126/2020/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 17th September, 2020 To All Pr. Chief-Commissioners…
Continue Reading....Scrutiny assessment under Income Tax Act, 1961
The Scrutiny Assessments under Income Tax Act 1961 are made u/s 143(3). For many years the returns of the assesses are accepted as they are being…
Continue Reading....Correction in Income Tax / TDS challan after payment
Article explains how we can get corrected Physical Income Tax / TDS challan after payment through Bank with period of correction and format to apply…
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