Assessment of income
This query is : Resolved
UMESH RAVANI
(Querist)
20 July 2010
Kindly letme know the limit over which Assistant commissioner can have jurisdiction on assessment proceeding.
Aditya Maheshwari
(Expert)
20 July 2010
It is generally income above Rs. 10 lakhs and income includes loss.
Also sometimes the limit is also hiked to Rs. 30 lakhs as per instructions of the ward CIT.
Also sometimes the limit is also hiked to Rs. 30 lakhs as per instructions of the ward CIT.
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