Delhi has set aside an assessment order against A.K. Lumbers Ltd., which had added over Rs. 93 lakh for alleged bogus sales and commission. The Tribunal found the reassessment proceedings initiated by ...

The Faceless Assessment Scheme, introduced under the Income Tax Act, 1961, mandates the establishment of specialized centres and functional units to streamline and standardize the assessment process.

This extension in income tax filing has been done due to significant revisions in ITR forms, system development needs, and ...

Practitioners are working to get clients in line so they can fulfill IRS requirements to prove their clients qualify for ...

One of the most important things you should do before filing your return is to check your Annual Information Statement (AIS) ...