F&Q Income Tax Latest Tax News & Updates Tax Article Uncategorized

What is assessment under of section 143(1) of Income tax Act 1961? ||Scope of assessment under section 143(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 […]