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Ca Nupur Khandelwal

Latest Posts by Ca Nupur Khandelwal

9 deductions that people miss out while filing their ITR

November 23, 2020 25167 Views 2 comments Print

Chapter VI A of the Income Tax Act, 1961 provides for various deductions that are available from the total income of an assessee while computing the taxable income. The assessees are normally aware of certain common deductions such as deduction u/s 80C in respect to contribution made towards LIC, provident fund, deduction u/s 80D for […]

Practical approach to dealing with appeal before Commissioner of Income Tax (Appeals)

July 3, 2020 23781 Views 0 comment Print

The Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] is the first appellate authority which can be approached whenever an assessee is not in agreement with the order passed by the Assessing Officer during the course of an assessment. Section 246 and Section 246A list out the orders that are appealable before […]

Dealing with reassessment under Income Tax Act, 1961

June 4, 2020 8625 Views 0 comment Print

As per section 2(8) of the Income Tax Act, 1961, the term assessment includes re-assessment. Meaning of income escaping assessment: As per the provisions contained in section 147 of the Income Tax Act, 1961, if the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, […]

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May 2024