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Income tax

21 changes in Income Tax laws in FY 2017-18

Changes in Income Tax laws from April 2017 The financial bill 2017 (commonly known as Budget) has been passed by the Lok Sabha with some amendments. This bill deals with government finances along with tax provisions. Here are 21 changes that would be effective from the next financial year (FY 2017-18) which starts on April 1, 2017. 1. Reduced Tax for Lower slab: […] Continue reading →

Received “Communication u/s 143(1)(a) for PAN XXXxxxxxXX for the A.Y. 2017-18” – What Next?

Communication u/s 143(1)(a) for the AY 2017-18 A lot of tax payers who had filed their return for AY 2017-18 have received email from [email protected] with subject “Communication u/s 143(1)(a) for PAN XXXxxxxxXX for the A.Y. 2017-18”. The email reads as follows: The PDF attachment is a notice from Income Tax Department with Subject “Communication of proposed adjustment u/s 143(1)(a) of Income […] Continue reading →