FM Plans Sec 143(1) Change in Budget 2025: Impact on ITRs
Finance Bill 2025 proposed important amendments to Section 143(1) of the Income Tax Act, 1961, with a purpose to enhance income tax return (ITR) processing and transparency. The amendment authorizes the Income Tax Department to compare the new ITRs with the old ones, marking mismatch to the notice and enforcing compliance. What is Section 143(1) … Read more