Appeals to the Commissioner (Appeals) (1) Any person, – (a) objecting to the amount of tax on undisclosed foreign income and asset for which he is assessed by the Assessing Officer; or (b) denying his liability to be assessed under this Act; or (c) objecting to any penalty imposed by the Assessing Officer; or (d) […]
Direct assessment or recovery not barred Nothing in this Chapter shall prevent either the direct assessment of the person on whose behalf or for whose benefit the undisclosed income from a source located outside India is receivable or undisclosed asset located outside India is held, or the recovery from such person of the tax or
Notice of demand Any sum payable in consequence of any order made under this Act shall be demanded by a tax authority by serving upon the assessee a notice of demand in such form and manner as may be prescribed.
Rectification of mistake (1) A tax authority may amend any order passed by it under this Act so as to rectify any mistake apparent from the record. (2) No amendment under this section shall be made after a period of four years from the end of the financial year in which the order sought to
Time limit for completion of assessment and reassessment (1) No order of assessment or reassessment shall be made under section 10 after the expiry of two years from the end of the financial year in which the notice under sub-section (1) of section 10 was issued by the Assessing Officer. (2) Notwithstanding anything contained in
The term foreign direct investment (FDI) refers to an ownership stake in a foreign company or project made by an investor, company, or government from another country. FDI is generally used to describe a business decision to acquire a substantial stake in a foreign business or to buy it outright to expand operations to a
Kolkata Municipal Corporation (KMC) is responsible for issuing the death certificate in West Bengal. The death certificate intends to maintain a legal record of deceased people. In West Bengal, the death certificate will only be issued after death is registered with the corporation Who can Register Death? The family members or close relatives of an
Microfinance companies play a crucial role in financial inclusion by providing small loans and financial services to low-income individuals. If you’re looking for microfinance company registration, wondering how to register a microfinance company, or need insights into Section 8 microfinance company registration, this guide covers everything in detail. 🏢 Types of Microfinance Companies in
In order to cater to admissions for the first year higher secondary education in Kerala, the department of higher secondary education has chosen a one-stop solution for the online registration system, which is called HSCAP. This portal is a convenient method for students who could opt for their desired course in the desired school promptly.
Fair Price Shop means a shop which has been licensed to distribute essential commodities by an order issued under section 3 of the Essential Commodities Act, 1955, to the ration card holders under the Targeted Public Distribution System. Responsibility It is the responsibility of every State Government to establish institutionalised licensing arrangements for fair price shops in
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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