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 […]
How is self assessment tax calculated?
Introduction Self-assessment tax is a crucial aspect of the income tax filing process. It allows taxpayers to calculate and pay any remaining tax liability after accounting for TDS (Tax Deducted […]
How do I find my income tax assessment order?
Introduction : The Income Tax Assessment Order is a crucial document that provides details about the assessment of your income tax liability by the tax authorities. If you’re wondering how […]
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 […]
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. […]
What differs is of financial year from an assessment year
What is meant by the financial year? The financial yr is the 12 months in which you have earned the income. It begins from 1st April of the calendar 12 […]