It notice in f.y.14-15
This query is : Resolved
Quick Summary
02 December 2021
Sir,
assessee it returns every year.department sec 148 notice issued in f.y.14-15. assessee notice reply filed.if department sec 143(2) notice issued.
Question:
1.sec 143(2) meaning in it act.
assessee it returns every year.department sec 148 notice issued in f.y.14-15. assessee notice reply filed.if department sec 143(2) notice issued.
Question:
1.sec 143(2) meaning in it act.
02 December 2021
After you file your ITR, the assessment process begins with scrutiny. In that case, notice is issued under the Income Tax Act Sec 143 (2). These discrepancies may be the over-reporting of losses or the under-reporting of income, causing the tax paid to be less than the assessed tax.
A notice u/s 143(2) mandates that you produce all supporting documents for the exemptions, deductions, relief, and allowances claimed in your ITR filing. All income sources will also need to be proven through documentary evidence.
A notice u/s 143(2) mandates that you produce all supporting documents for the exemptions, deductions, relief, and allowances claimed in your ITR filing. All income sources will also need to be proven through documentary evidence.
Message likes :
1 times
02 December 2021
sir,mode of proceedings 1.e-proceedings facility or faceless asstment show in notice
02 December 2021
YES, NOW ALL THE SCRUTINY CASES ARE PROCESSED UNDER FACELESS SCHEMA.
Process of the Faceless Tax Assessment:
National e-Assessment Center will issue the notice
Receiving assessee will reply within 15 days
The center will assign an official for the case in Assessment Unit i. e. Regional Electronic Assessment Center .
NEAC will then communicate with assessee, verification unit and technical unit
They will send all unit information to NEAC
NEAC will collect all this information and send it to REAC
After examining all the information, REAC will prepare a draft assessment order
It will now be sent to NEAC
The assessee will be given a chance to defend his case and the fine will be charged.
Process of the Faceless Tax Assessment:
National e-Assessment Center will issue the notice
Receiving assessee will reply within 15 days
The center will assign an official for the case in Assessment Unit i. e. Regional Electronic Assessment Center .
NEAC will then communicate with assessee, verification unit and technical unit
They will send all unit information to NEAC
NEAC will collect all this information and send it to REAC
After examining all the information, REAC will prepare a draft assessment order
It will now be sent to NEAC
The assessee will be given a chance to defend his case and the fine will be charged.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
