Assessment related

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34 Points Posted on 05 January 2021
what is Regular assessment?
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On 05 January 2021 at 20:40 Report
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Regular assessment refers to the process of determining your income tax liability, particularly when you receive a demand notice from the Income Tax department. If additional tax is required, it's deposited under 'Tax on regular assessment'. This type of assessment is defined under Section 2(40) and includes scrutiny assessments conducted under Section 143(3) of the Income Tax Act.

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GST Practitioner & Accounts
8990 Points Posted on 05 January 2021

Income  Tax payable under  Notice on  Demand  from Income Tax department , When notice is received  and found that additional  Tax required  to be paid  , same shall be deposited  under " Tax on regular  assessment " .   

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On 05 January 2021 at 21:00
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280 Points Posted on 05 January 2021
Section 2(40) defined it as assessment under 143(3) or 144
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On 05 January 2021 at 21:23
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STUDENT
1120 Points Posted on 05 January 2021
Its relating to notice case !
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On 05 January 2021 at 21:34
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Accountant
1331 Points Posted on 08 January 2021
Scrutiny assessment under section 143 3 is a regular assessment
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On 08 January 2021 at 00:58

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