Indian Income Tax Law for NRI

VARIOUS ASSESSMENTS UNDER THE INCOME TAX LAW

Every tax payer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department. The Income Tax Department examines the return of income for its correctness. The process of examining the return of income by the Income Tax department is called as “Assessment”. Assessment also includes re-assessment and best judgment assessment under section 144.

Under the Income-tax Law, there are four major assessments given below:

• Assessment under section 143(1), i.e., Summary assessment without calling the assessee.
• Assessment under section 143(3), i.e., Scrutiny assessment.
• Assessment under section 144, i.e., Best judgment assessment.
• Assessment under section 147, i.e., Income escaping assessment.

Where we help you out?
Assessment procedures are usually cumbersome. Being, Non-Resident and having limited availability in the country, it is very much difficult for one to attend the Assessment Procedures without any Representative.
We as Chartered Accountants help you with the Assessment Procedures acting as Representative.

For more information: http://www.nritaxation.com.au/req-app.php