Under the Income-tax Law, there are five major assessments given below:
Assessment under section 143(1), i.e., Summary assessment without calling the assessee.
Assessment under section 143(3), i.e., Scrutiny assessment.
Assessment under section 144, i.e., Best judgment assessment.
Assessment under section 147, i.e., Income escaping assessment
Assessment under section 153, i.e., Assessment in case of search
Taxfin team provides the legal consultancy or represents the case in Income Tax Authority on behalf of assessee.
TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit numbers required to be obtained by all assessee who are responsible for TDS or TCS on behalf of the Government. The assessee deducting the TDS is required to deposit the TDS to the credit of Central Government – quoting the TAN number.
Failure to obtain TAN registration may attract a heavy penalty of up to Rs.10,000. TDS Returns and Payments will not be received by the Banks if TAN is not quoted. Taxfin team can assist you to obtain your TAN registration online quickly.