Monthly Archives: June 2018

Refund of Excess Income Tax Paid by the Taxpayer [As amended by Finance Act, 2018] Many times it may happen that the taxpayer has paid excess income tax as against the income tax required to be paid by him. In such a case he is granted refund of the excess tax paid by him. In… Read More »

Reference to Valuation officer  under Income Tax Act  [As amended by Finance Act, 2018]  Introduction At times in the process of completion of the assessment of a taxpayer or for any other purpose, the tax authorities need to ascertain the value of any capital asset. In such a case, the tax authorities can make a reference… Read More »