Income Tax Assessment Year 2024-25

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Assessments In Income Tax - Overview

An Income tax is the taxable amount that is paid to the government for the income made by people, businesses, and institutions within a jurisdiction. Assessments in income tax are conducted after the income taxes are filed by the general public. The tax department verifies the accounts and analyses the taxability. Different types of assessment in income tax are conducted from time to time. The Income Tax Act of 1961 in India controls how income tax is assessed.

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