Introduction: Income tax assessment is an important process that ensures taxpayers comply with their tax obligations and determines the correctness of their income, deductions, and tax liabilities. The assessment procedure […]
Explain about accelerated assessment in income tax ?
Introduction Accelerated assessment is a process in income tax that enables the tax authorities to complete the assessment of an assessee’s tax liability in a shorter time frame. It is […]
What is the assessment in income tax and its types ?
Introduction Assessment in income tax refers to the process of determining the amount of taxable income and the tax liability of an individual or entity. The assessment is conducted by […]
Various Assessment Types Permitted by the Income Tax Act
Introduction : All assessees have to file their returns of income with the Income tax department to furnish the entire important points of earnings pertaining to the applicable economic year. […]