9911796707
TMI BlogRationalisation of prima-facie adjustments during processing of return of incomeX X X X Extracts X X X X X X X X Extracts X X X X ..... Rationalisation of prima-facie adjustments during processing of return of income X X X X Extracts X X X X X X X X Extracts X X X X ..... Sub-section (1) of the section 143 provides for processing of return of income made under section 139, or in response to a notice under sub-section (1) of section 142. Clause (a) of the said sub-sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion provides that at the time of processing of return, the total income or loss shall be computed after making the adjustments specified in sub-clauses (i) to (vi) thereof. Sub-clause (vi) of the sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id clause provides for adjustment in respect of addition of income appearing in Form 26AS or Form 16A or Form 16 which has not been included in computing the total income in the return. With a view t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o restrict the scope of adjustments, it is proposed to insert a new proviso to the said clause to provide that no adjustment under sub-clause (vi) of the said clause shall be made in respect of any re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turn furnished on or after the assessment year commencing on the first day of April, 2018. This amendment will take effect from lst April, 2018 and will, accordingly, apply in relation to the assessm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent years 2018-2019 and subsequent years.
[Clause 44] X X X X Extracts X X X X X X X X Extracts X X X X
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