Article explains various Types of Income Tax Return and Assessment Procedure. It Includes Voluntary Income Tax Return U/s. 139(1), Income Tax Return of Loss U/s. 139(3), Belated Income Tax Return U/s. 139(4), Revised Income Tax Return U/s. 139(5) and Defective Income Tax Return U/s. 139(9).
Article gives Comparative Analysis of Different Types of Assessment which includes Summary Assessment or Intimation U/s. 143(1), Regular Assessment or Scrutiny Assessment U/s. 143(3), Best Judgement Assessment U/s. 144, Income Escaping Assessment U/s. 147, Protective Assessment U/s. 143(3) or U/s. 144 as per Court Order, Search Assessment U/s. 153A.
