Amendment of section 270A.

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..... or where return has been furnished for the first time under section 148 shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2017; (B) in sub-section (2), in clause (e), for the words no return of income has been filed , the words and figures no return of income has been furnished or where return has been furnished for the fir .....

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..... orted his income. Sub-section ( 3 ) of the said section provides for the manner in which under-reported income shall be determined. It is proposed to amend clause ( b ) and clause ( e ) of the said sub-section ( 2 ) so as to provide that where return is furnished for the first time under section 148, a person shall be considered to have under-reported his income, if the i .....

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..... d on the under-reported income as increased by the maximum amount not chargeable to tax as if it were the total income. These amendments will take effect from 1st April, 2017 and will, accordingly, apply in relation to the assessment year 2017- 2018 and subsequent assessment years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation .....

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