Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Time limit for verification of return of income after uploading at CPC - The Notification No. 2 of 2024, issued by the CBDT, Directorate of Systems, Bengaluru, addresses the critical procedural aspect of income tax return (ITR) verification within the Indian taxation framework. This notification amends and clarifies the time limits associated with the verification of ITRs post their electronic submission. It draws its authority from Rule 14 of the Centralised Processing of Returns Scheme, 2011, supplementing the previous Notification No. 05 of 2022.
Time limit for verification of return of income after uploading at CPC - The Notification No. 2 of 2024, issued by the CBDT, Directorate of Systems, Bengaluru, addresses the critical procedural aspect of income tax return (ITR) verification within the Indian taxation framework. This notification amends and clarifies the time limits associated with the verification of ITRs post their electronic submission. It draws its authority from Rule 14 of the Centralised Processing of Returns Scheme, 2011, supplementing the previous Notification No. 05 of 2022.
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