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Women took out Kalash Yatra in the month of Sawan - Uttarakhand Champawat Local News jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.
Govt Considering Ordinance To Counter Recent Spate of Income Tax Reassessment Litigations moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
The applicability of two sets of laws for the same purpose of issuing notices and reopening assessments has left income tax assessees bewildered and tax practitioners peeved. The procedures related to reassessments or re-computation of income escaping assessment and review of search related cases has undergone a major overhaul. Several sections of the Income Tax Act have been amended with the objective to lower litigation and make it easier for taxpayers. Advertisement The prominent changes include the lowering of the time limit for issuing notices of reassessment from six years from the end of the relevant assessment year to three years. ....