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. […]
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 […]