You are an income tax Assessee for at least 2 years.
Based on the reason selected, the Assessee needs to provide additional information as per the below table.
Hence, Assessee is not allowed to claim any deductions
under Section 30 to 38 of the Income Tax Act.
(5) The Assessee referred to in sub-section(4) shall also provide such other
documents and information, as may be prescribed.".
(b) for any member of a Hindu undivided family(HUF), in case the Assessee is a Hindu undivided family(HUF),
(8) No credit of any foreign tax shall be
allowed unless the following documents are furnished by the Assessee, namely:-.
Permanent Account Number(PAN) is a ten-digit alphanumeric identifier,
issued by Income Tax Department to each Assessee(e.g. individual, firm, company etc.).
(III) has given a guarantee or
provided any security in connection with the indebtedness of any third person to the Assessee:.
(ii) any officer of a Scheduled Bank with which the Assessee maintains a current account or has other regular dealings;
or.
(viii) a person who, whether directly or indirectly, has business relationship with the Assessee of such nature as may be prescribed;
Ending with the last date on which; the Assessee is required to furnish a report of such audit under that sub-section; or.
(2) Where before the date of completion of a regular assessment, tax is paid by the Assessee under section 140A or otherwise,-.
(1) Where an Assessee, being an individual or a Hindu undivided
family, who is a resident in India, has, during the previous year,--.
(d)"initial assessment year" means the
assessment year relevant to the previous year, in which the Assessee starts paying the interest on the loan;
(i) the profits and gains of any business or
profession which was carried on by the Assessee at any time during the previous year;”.
(1) Where an Assessee, being an individual or a Hindu undi-
vided family, who is a resident in India, has, during the previous year,-.
(ii) the Assessee has complied with such requirement before the completion of assessment
in relation to the previous year in which such deduction is claimed:.
(a) Ending with the last date on which the Assessee is required to furnish a report of such an audit under that sub-section; or.
(i) the profits and gains of any business,
profession or vocation which was carried on by the Assessee at any time during the previous year;
Due date for payment of whole amount of advance tax in respect of assessment year 2020-21 for Assessee covered under presumptive scheme of Section 44AD/ 44ADA.
(4) In such cases and under such circumstances as may be prescribed50,
the Assessing Officer may reduce or waive the interest payable by the Assessee under this section.
(aa) in the case of an Assessee who is required to furnish a report referred to in section 92E,
the 30th day of November of the assessment year;
(a) the provisions of that sub-section shall apply only in respect of one of such houses, which the Assessee may, at his option, specify in this behalf;
(iv) such Assessee being a Hindu undivided family, by the
mode referred to in sub-section(2) of section 64 at any time after the 31st day of December, 1969.
About two months ago, tax offices were directed to accept only those revised tax returns where there is a“bonafide
inadvertent error” or“a mistake” on the part of the Assessee.
Section 160 of IT Act, 1961 provides that a non-resident, a minor, lunatic,
idiot, and court of wards and such other persons may be represented through a Representative Assessee.
Or the amount actually paid, whichever is less is
available for expenditure actually incurred by resident Assessee on himself or dependent relative for medical treatment of specified disease
or ailment.
Section 160 of the Income- tax Act, 1961, provides that a NRI, minor, lunatic,
idiot and court of wards and such other persons may be represented through a Representative Assessee.
Explanation 5A.- Where, in the course of a search initiated
under section 132 on or after the 1st day of June, 2007, the Assessee is found to be the owner of-.