It notice in f.y.14-15
This query is : Resolved
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
