Pawan Maloo

Powers of AO to reopen assessment u/s 148 are not un-abundant or luxuriant-Vol.-1

Income Tax - Section 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute income, turnover etc. which has escaped assessment. Sec. 147 and Section 148 of the Act contain the per-requisite conditions to be fulfilled for invoking the jurisdiction to reopen the assessment. ...

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Re-assessment Procedure under Section 147 of Income Tax Act, 1961

Income Tax - Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and why there is need of reassessment? Section 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute inco...

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Institutional Trading Platform: Beneficial to Small & Medium Enterprises

Income Tax - SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations 2013 came into force on 08.10.2013. Slowly and gradually companies and the small & medium enterprises are becoming aware with the provisions of these regulations and had started availing its benefits. But still the pace is pretty slow....

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Recent Posts in "Pawan Maloo"

Powers of AO to reopen assessment u/s 148 are not un-abundant or luxuriant-Vol.-1

Section 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute income, turnover etc. which has escaped assessment. Sec. 147 and Section 148 of the Act contain the per-requisite conditions to be fulfilled for invoking the jurisdiction to reopen the assessment. ...

Read More
Posted Under: SEBI |

Re-assessment Procedure under Section 147 of Income Tax Act, 1961

Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and why there is need of reassessment? Section 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute inco...

Read More
Posted Under: SEBI |

Institutional Trading Platform: Beneficial to Small & Medium Enterprises

SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations 2013 came into force on 08.10.2013. Slowly and gradually companies and the small & medium enterprises are becoming aware with the provisions of these regulations and had started availing its benefits. But still the pace is pretty slow....

Read More
Posted Under: SEBI |

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