Section 143(1)(a) of income tax is amended to expand the scope of adjustment which can be made while processing income tax return filed for the Asst Year 2017-18 and thereafter. Income tax department is empowered to make following adjustments before processing income tax return. Any arithmetical error in the return …
Read More »Limited Scrutiny selected under Computer Assisted Scrutiny Selection (CASS)
At present, income tax return filed by tax payers are mostly accepted by income tax department without any questions except processing and sending intimation u/s 143(1) of income tax Act. In a very small percentage of cases scrutiny assessment are conducted u/s 143(3) of the income tax act and cases …
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