Tag: due date of income tax
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Due Dates Extended various time limits under Direct Tax & Benami laws)

(Team) LTG Publication Private LimitedComment(0)

Thanks for extending the last date for ITR Assessment year 2019-20 (Finanicial year ending 31/03/2019) to 30th Sept. 2020. Due Dates (Extension of various time limits under Direct Tax & Benami laws) Extended by the CENTRAL BOARD OF DIRECT TAXES on 24th  June 2020 vide Income Tax Notification No. 35/2020-Income Tax. Particular Extended Due Date/Waiver […]
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What is assessment under of section 143(1) of Income tax Act 1961? ||Scope of assessment under section 143(1)

(Team) LTG Publication Private LimitedComment(1)

Scope of assessment under section 143(1) Income Tax Assessment under section 143(1) of IT Act is like preliminary checking of the  Income Tax Return. At this stage no detailed scrutiny of the Income tax return is carried out. At this stage, the total income (profit) or loss is computed after making the following adjustments (if […]