Returns, assessment, reassessment and collection

Statute sections

Landmark cases

Previous-year questions

Mapped 6 / 10 / 15-mark questions on this topic. Frequency is how many papers repeat the question.

• 10 The assessee, during the financial year 2012-13, estimated his income and calculated the tax which is around Rs. 15,000. The assessee did not pay any advance tax as envisaged under the Income Tax Act, nor he had any TDS. He paid the entire tax as self assessment tax and filed the returns before the due date. As an assessing officer, while assessing and passing the assessment order, how will you impose the tax as per the provisions of the Income Tax Act? · 3×
• 6 Summary Assessment. · 1×
• 6 Assessment. · 1×
• 6 De Novo Assessment on remand. · 1×
• 6 Financial year and Assessment Year. · 1×
• 10 A has a house property which was let out during the financial year 2016-17, at Rs. 25,000/- p.m. He paid municipal tax Rs. 3,500/- p.a., premium on fire insurance Rs. 3,500/- p.a., paid house loan principal Rs. 30,000/-, and interest Rs. 65,000/- p.a. from HDFC, and paid house loan principal and interest towards the assessment year 2017-18. · 1×
• 10 The assessee has filed an incorrect wealth tax return, for the A.Y . 2009-10, belatedly after the valuation date, and subsequently died after the wealth tax officer completed the assessment. The wealth tax officer has taken the value of the property as on the date of filing the return and imposed penalty on various counts. Since the assessee died after passing of the orders, the wealth tax officer issued the demand notice on the legal representatives of the deceased assessee. Is there any ground to defend the case of the legal representatives of the deceased assessee? Advise. · 1×
• 10 The assessee had filed an incorrect wealth tax return for the A.Y . 2019-20, belatedly, and subsequently died before the wealth tax officer completed the assessment. The wealth tax officer took the value of the property as on the date of filing the return and imposed penalty on various counts. Since the assessee is no more at the time of completing the assessment, the wealth tax officer issued the order and the demand notice on the legal representatives of the deceased assessee. Defend the case as counsel for the legal representatives of the deceased assessee. · 1×
• 10 The assessee filed his wealth tax return for the A.Y . 2012-13 belatedly after the valuation date. Before the completion of the assessment the assessee died. While completing the assessment the wealth tax officer has taken the value of the property as on the date of filing the returns and levied excess tax and interest thereon, and passed the orders. Since the assessee died, the wealth tax officer issued the demand notice on the legal representative of the deceased assessee. Defend the legal representative of the deceased assessee as their counsel. · 1×
• 10 A has a house property which was let out during the financial year 2016-17, at Rs. 25,000/- p.m. He paid municipal tax Rs. 6,000/- p.a., premium on fire insurance Rs. 3,500/-, and paid house loan principal Rs. 30,000/- and interest Rs. 65,000/- p.a. from HDFC. Compute the net taxable income from house property for the assessment year 2017-18. · 1×