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 Bill 2025: Clause 288 Details Procedures for Amending Assessment Orders, Including Partner Income and Capital Gains Adjustments.</h1> Clause 288 of the Income Tax Bill, 2025, outlines procedures for amending assessment orders under various circumstances. It specifies actions that an Assessing Officer may take, conditions under which these actions apply, and the time frames for implementation. These amendments address issues such as adjustments in partner income, inclusion of member shares in assessments, recomputation of total income due to loss or depreciation, and capital gains adjustments. They also cover scenarios involving foreign income deductions, tax credit settlements, patent-related deductions, and transfer pricing adjustments. The clause ensures that rectifications are made within specified time limits, typically four years, except in certain cases.
TaxTMI 
TaxTMI 
