Introduction: Income tax is a vital component of a country’s revenue system, and the assessment process plays a crucial role in determining the tax liabilities of individuals and entities. In…
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Explain the types of assessment in income tax act
Introduction The Income Tax Act, 1961, provides for various types of assessments that are conducted by the Income Tax Department to ensure compliance with the tax laws. These assessments are…
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In which case accelerated assessment in income tax is done?
Introduction In India, taxpayers are required to file their income tax returns (ITR) every year by the prescribed due date. The ITR filed by the taxpayer is then processed by…
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What is Faceless Income Tax Assessment & How it Works for Taxpayers?
What is Faceless Income Tax Assessment? The machine is began out through the authorities as Prime Minister Modi had stated that earnings tax submitting and disputes need to now no…
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Income tax assessment – A Comprehensive Guide
Income tax assessment It’s that time of year again – time to start thinking about your income tax assessment. Whether you’re a small business owner or an individual taxpayer, it’s…
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