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>Amendment to Section 153 of Income-tax Act: New Sub-section (1B) and Revised Provisions Effective October 1, 2024.</h1> Section 153 of the Income-tax Act is amended effective October 1, 2024. A new sub-section (1B) is introduced, allowing assessment orders under sections 143 or 144 to be made within twelve months from the end of the financial year when a return is filed following an order under section 119(2)(b). Sub-section (3) is revised to include orders under section 250 alongside section 254. Sub-section (8) is updated to reference sections 153B or 158BE, and section 158BA(5) is included for revived orders. Explanation 1 is amended to extend the limitation period to the month's end if it expires mid-month.
TaxTMI 
TaxTMI 
