In the realm of online services, comprehending OIDAR (Online Information and Database Access or Retrieval) services is paramount. These services, acquired and delivered online without physical interaction, present distinct tax challenges....
ITR-U, or Updated Income Tax Return, is a form introduced by the government to allow taxpayers to rectify errors or omissions in their previous income tax returns. It can be filed within two years from the end of the relevant assessment year....
During the course of assessment of income, the AO may discover cash receipts in the books, or cash deposits in the bank...
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