What is Start-Ups(SUs) & Early Stage Units(ESUs): Start-Up is an Entrepreneurial Venture or a new Business in the form of a Company, a Partnership, Proprietorship, etc. generally newly created with innovative concepts and ambition too high growth potential. Early Stage Unit (ESU) is a unit that has not completed 3 years from the date...
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Types of Income Tax Notices Section 139(9): Defective Income Tax Return Section 131(1A): Income is concealed or likely to be concealed Section 142(1): Initial Enquiry before an assessment Section 143(1) Intimation Section 143(2): Follow up to the notice u/s 142(1) Section 148: Income escaped assessment Section 156: Notice of Demand Section 245: Refund adjusted against...
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