Explain assesment of companies in income tax
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Hye!!....
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Assessments under Income-Tax Act, 1961
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department.
Article discusses about Meaning of assessment, Scope/Procedure/Time limit of Assessment under section 143(1)/ section 143(3)/ section 144/ section 147.
#riShu:-)
Ur answer is :-
.
.
Assessments under Income-Tax Act, 1961
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department.
Article discusses about Meaning of assessment, Scope/Procedure/Time limit of Assessment under section 143(1)/ section 143(3)/ section 144/ section 147.
#riShu:-)
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