Budget 2024: Taxpayers can re-assess income tax file beyond 3 years, and till 5 years, IF… FM revises time limit
[ad_1] With the concerns of the period of reassessment and reopening of income tax file, finance minister Nirmala Sitharaman in budget 2024 has simplified such provisions. Sitharaman has suggested that an income tax assessment window can be reopened beyond three years from the end of the assessment year if the income which is not disclosed…