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The Supreme Court of India struck it down as unconstitutional in 2005, after which the Government of India agreed to update the Assam NRC. [3] Following unsatisfactory progress on the process of updating the Assam NRC for over a decade, the Supreme Court started directing and monitoring the process in 2013. [3]
Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3 , ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses.
A sitting M.L.A of Assam belonging to the political party All India United Democratic Front (AIUDF) representing the Scheduled Caste-reserved constituency of Abhayapuri South in lower Assam, having found himself out of the NRC, reportedly expressed that thousands of genuine Indians, especially Bengali Hindus, have been left out of final NRC ...
Assessment is done to ensure correct estimation of total taxable income of an assessee (i.e. taxpayer) and it determines amount of tax to be payable by (or to be refunded to) assessee. Most income tax returns filed are processed by the Centralised Processing Center in Bengaluru [26] on the basis of the information provided by the taxpayer. Such ...
If you had to submit an amended tax return this year, you may be wondering how come you haven't received your tax refund yet. Due to IRS staffing shortages and an influx of amended returns, the IRS...
Self-assessment is done on a taxpayer's return. The department assesses tax under section 143(3) (scrutiny), 144 (best judgement), 147 (income escaping assessment) and 153A (search and seizure). Notices for such assessments are issued under sections 143(2), 148 and 153A, respectively. Time limits are prescribed in section 153. [22]
Here’s how to check the status of your N.C. refund, why your refund could be delayed and why your refund could be different than expected. How can I check the status of my refund?
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.