Why What s File Past Years Taxes Online: Difference between revisions

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Revision as of 17:57, 17 September 2024

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B) Interest earned, however it is not paid, throughout a bond year, must be accrued at the conclusion of the bond year and reported as taxable income for the calendar year in in which the bond year ends.

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If any books of accounts, documents, assets found or seized belong for any other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be also completed with twenty one months around the end among the financial year when the search was conducted like assessment u/s 153A.

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