Tag Archives: Income Tax Notice

Income escaping assessment and search assessments I New procedure I Finance Act 2021

By | February 4, 2021

Income escaping assessment and search assessments Under the Act, the provisions related to income escaping assessment provide that if the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, he may assess or reassess or recompute the total income for such year under section 147… Read More »

Notice from Income Tax to Taxpayers : Intimate Cash in Hand on 08.11.2016

By | November 16, 2016

People are receiving notice u/s 133(6) of Income Tax to intimate them Cash in Hand as on 31st March, 2016 and 8th November, 2016. Extract from Notice: SUB: Request for information u/s 133(6) regd You may be aware that Government of India vide their Notification dated 8 November 2016 have withdrawn the Legal Tender status… Read More »