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>Income Tax Act Update: New Sections 148 and 148A Require Notice and Hearing Before Assessment from September 2024.</h1> Sections 148 and 148A of the Income-tax Act are being replaced effective September 1, 2024. The new Section 148 mandates that before making an assessment, reassessment, or recomputation, the Assessing Officer must issue a notice to the assessee if there is information suggesting income has escaped assessment. The notice must be issued within three months and requires prior approval if information is received under certain schemes. Section 148A requires the Assessing Officer to provide an opportunity for the assessee to be heard before issuing a notice, except when information is received under a specific scheme.
TaxTMI 
TaxTMI 
