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# incometaxreassessment

1 posts in `incometaxreassessment` tag

Income Tax Reassessment Under Section 148A: Updated Schedules and Processes

The Finance Act, 2021, has introduced significant changes to the income tax reassessment provisions under Section 148A of the Income-tax Act, 1961. This blog post explains the new timelines and procedures for income tax reassessment, including the show-cause notice, taxpayer's response, and AO's decision.