Income Tax Assessment Archives

what is the Best Judgement Assessment, Provisions, Process, and Duration of Assessment under Section 144 of the Income Tax Act?

June 26, 2023 admin No Comments

Introduction : Section 144 of the Income Tax Act empowers the assessing officer to make the Best Judgement Assessment in cases where the taxpayer fails to comply with the provisions of the Act. This assessment ensures that the tax authorities can determine the taxable income and tax liability to the best of their judgment. Let’s … Read More “what is the Best Judgement Assessment, Provisions, Process, and Duration of Assessment under Section 144 of the Income Tax Act?” »

What are assessment of individual in income tax problems ?

May 22, 2023May 22, 2023 admin No Comments

Income Tax Assessment

Introduction: Income tax is an integral part of an individual’s financial responsibilities. However, sometimes individuals may face challenges or disputes related to their income tax filings, leading to assessment proceedings by tax authorities. Assessments are conducted to determine the correctness and completeness of a taxpayer’s income, deductions, and tax liability. In this blog, we will … Read More “What are assessment of individual in income tax problems ?” »

Why is tax assessment done?

May 11, 2023 admin No Comments

Income Tax Assessment

Introduction Tax assessment is an important process that is conducted by tax authorities to ensure that taxpayers are paying the correct amount of tax. The process involves reviewing a taxpayer’s financial information, including income, expenses, and deductions, to determine the amount of tax owed. In this blog, we will discuss why tax assessment is done … Read More “Why is tax assessment done?” »

What is the accelerated assessment in income tax?

May 8, 2023 admin No Comments

Income Tax Assessment

In income tax, the accelerated assessment is a special provision that allows taxpayers to expedite the assessment and payment of their tax liability. The accelerated assessment process is designed to reduce the time and resources required for the tax authorities to process tax returns and collect taxes owed. In this blog, we will discuss what … Read More “What is the accelerated assessment in income tax?” »

How do online payment For self assessment tax ?

April 18, 2023 admin No Comments

Income Tax Assessment

Introduction Paying your self-assessment tax online can save you time and effort compared to traditional payment methods. Here are some steps to help you make an online payment for your self-assessment tax. Step 1: Register for Self-Assessment Before you can make a payment for your self-assessment tax, you need to register for self-assessment with HM … Read More “How do online payment For self assessment tax ?” »

Self-Assessment Tax Definition, Calculation, and Online Payment Information

December 29, 2022 admin No Comments

Income Tax Assessment

Introduction : At the end of a fiscal time, a taxpayer has to check if there’s any pending duty which should be paid after paying TDS( duty subtracted at Source) and advance duty. This pending duty is known as the tone- assessment duty. tone- assessment duty has to be reckoned by the taxpayer and paid … Read More “Self-Assessment Tax Definition, Calculation, and Online Payment Information” »

Best Judgment Assessment, Provisions, Process And Duration Of Assessment

November 24, 2022December 16, 2022 admin No Comments

Income Tax Assessment

Introduction : Section one hundred forty four of the Income Tax Act offers with nice judgement evaluation. This Section offers an Assessing Officer (AO) the strength to apply the nice of his/her judgement. An AO can use the nice judgement in opposition to an person who fails to offer applicable statistics. This article offers you … Read More “Best Judgment Assessment, Provisions, Process And Duration Of Assessment” »