Assessment
This query is : Resolved
25 May 2013
Dear Sir,
Why it is required by Govt to do assessments for various factories ?
C S Kulkarni
Aurangabad
Maharashtra
+91 9730621426
Why it is required by Govt to do assessments for various factories ?
C S Kulkarni
Aurangabad
Maharashtra
+91 9730621426
CMA Ramesh Krishnan
(Expert)
23 June 2013
Need to find out the proper tax calculated and tax paid as per act
13 July 2013
If no assessment is done then there are many expenses which are not allowable as per Income Tax Act is claimed and personal expenses are also debited in the accounts on which tax is applicable and payable. Some people claim wrong deductions and therefore, through assessment it is stopped. Therefore, it is necessary to go for assessment.
13 July 2013
yes agree with expert.
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