Income Tax Assessment

Cost Inflation Index for AY 2021-22, Cost Inflation Index for FY 2020-21 for Long Term. Capital gain is the profit you make on selling an asset. It can be stock, real estate, mutual funds, jewellery etc. If you are selling an asset after…

Income Tax Raids, Notices, Assessments – Reasons behind it, The article is mainly about why the Income tax officials conduct raids at your office or house or any other places. This article is written for guiding every person to avoid…

Income Tax Assessment Procedure. Types of Assessments as per income tax act. We all know that every assessee whose income exceeds the Basic Exemption Limit is required to file a return of income. If the return is not filed or late…

Section 143(3) – Scrutiny Assessment under Income Tax Act. This article is about the scrutiny assessment notices received by the assessee in cases where the income tax officer has doubt about the authentication of the income. I have…