Under reporting of income

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14 Points Posted on 13 March 2020
under which section under reporting of income
will be assessed for the F. Y. 2014-15 to 2018-19
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On 13 March 2020 at 17:47 Report
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This discussion clarifies the sections of tax law applicable to underreporting income for the financial years 2014-15 to 2018-19. Specifically, it highlights Section 147, which deals with the assessment or reassessment of incomes that have escaped assessment. This section is invoked when income has been understated or an excessive loss, deduction, or allowance has been claimed.

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41 Points Posted on 13 March 2020
Sec 147: Assessment or reassessment of incomes escaping assessment
income has been understated or excessive loss, deduction or allowance has been claimed
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On 13 March 2020 at 18:17
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ARTICLE ASSISTANT
129 Points Posted on 15 March 2020
U/s 147
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On 15 March 2020 at 19:03

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