Stay updated with the latest news and articles about Tax assessment.
The Supreme Court ruled on Wednesday that reassessment notices issued on or after April 1, 2021, under the unamended Section 148 of the Income Tax Act will not be deemed invalid simply because they were issued under the old law.
The wife of UK Finance Minister Rishi Sunak has claimed non-domicile status to save her tax bill while her husband was the chancellor.
On Thursday giving an honour and to encourage honest taxpayers Prime Minister Narendra Modi launched a new tax scheme, he also said the platform for “Transparent Taxation – Honoring the Honest” offers huge reforms such as faceless assessment, faceless appeal, and taxpayers charter.