Tag Archives: Income Tax Notice

New Notices for significant financial transactions from Income Tax department for FY 2022-23 (AY 2023-24)

By | March 11, 2023

New Notices for significant financial transactions from Income Tax department for FY 2022-23 (AY 2023-24) If you have done significant financial transactions , then income tax department is sending as Notices to the taxpayers.his article is written by CA satbir Singh (Contact us Taxheal@gmail.com ). Format of SMS sent to taxpayer for significant financial transactions Income… Read More »

Section 148A Income Tax Act Conducting Inquiry, providing opportunity before issue of notice u/s 148

By | March 2, 2023

Section 148A Income Tax Act Conducting Inquiry, providing opportunity before issue of notice u/s 148 Section 148A Income Tax Act of India is for conducting Inquiry, providing opportunity before issue of notice u/s 148 CA satbir Singh (Contact us Taxheal@gmail.com ) Summary of Section 148A Income Tax Act Section 148A Income Tax Act  Inserted by… Read More »

Section 148 Income Tax Act Notice if Income escaped assessment.

By | March 2, 2023

Section 148 Income Tax Act  1961 of India as Amdnended by Finance Act  2022 Section 148 Income Tax Act is for Issue of notice where income has escaped assessment. CA satbir Singh (Contact us Taxheal@gmail.com ) Summary of Section 148 Income Tax Act Section 148 Income tax is used for issue of notice where income… Read More »

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 »