TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2015 amends Section 245A, clarifying assessment proceedings start and end dates under Income-tax Act.</h1> Clause 57 of the Finance Bill, 2015, amends section 245A of the Income-tax Act, affecting definitions related to the settlement of cases. The amendment revises the Explanation to clause (b), specifying that proceedings for assessment, reassessment, or recomputation under section 147 commence from the issuance of a notice under section 148. It also modifies clause (iv) to state that assessment proceedings begin when the return of income is filed under section 139 or in response to a notice under section 142, concluding either when the assessment is made or after two years if no assessment occurs. These changes are effective from June 1, 2015.
TaxTMI 
TaxTMI 
