Alert for Income Tax Defaulters: All you Need to Know about New Provision Empowering Income Tax Officers to serve Notice

The Notice under Section 142(1) is usually served to call upon documents and details from the taxpayers and to take a particular case under assessment. The basic purpose is to inquire about the details of the assessee before making the assessment under the Act. The Finance Bill, 2021 has brought the amendment in Section 142(1)(i) […]
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