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What is the procedure adopted for making the assessment under section 143(1)?
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.... FAQ). The other procedures in this regard are as follows: * After making the adjustments (if any) as discussed in previous FAQ, the tax, interest, and fee if any, shall be computed on the basis of the adjusted income. * Any sum payable by the taxpayer or refund due to the taxpayer shall be intimated to him. * An intimation shall be prepared or generated and sent to the taxpayer specifying t....
TaxTMI
TaxTMI