Simplifying Finances, Amplifying Success
Our Income Tax Assessment services provide expert analysis, accurate reporting, and strategic guidance to help you address tax notices and ensure compliance.
Document Required
Key documents such as income statements, bank statements, TDS certificates, and previous tax returns are required for the assessment process. Our team will assist you in gathering these documents.
Process Timeline
Our efficient process ensures your income tax assessment is handled promptly, ensuring timely responses and minimizing potential liabilities.
Filing of Income Tax Return (ITR)
The taxpayer files their income tax return with the correct details of income, deductions, and tax paid.
Processing of Return by Tax Department
The Income Tax Department processes the filed return and verifies the accuracy of the information provided.
Scrutiny/Assessment Notice
If discrepancies are found or if the return is selected for detailed review, the tax department may issue a notice of scrutiny or assessment.
Document Submission
The taxpayer must provide relevant documents or clarifications as requested by the tax department during the scrutiny process.
Assessment Order
After reviewing the documents, the tax department issues an assessment order, which may indicate whether additional taxes are owed, or a refund is due.
Appeals and Dispute Resolution
If the taxpayer disagrees with the assessment order, they can appeal to the Commissioner (Appeals) or file a case in the Income Tax Appellate Tribunal (ITAT).
Payment of Additional Tax (if any)
If additional taxes are due, the taxpayer must make the payment before the specified deadline to avoid penalties and interest.
Final Resolution
Once all payments or adjustments are made, the assessment process concludes.
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