CV

Direct Tax Laws & International Taxation

Ch 5 · Assessment & Appeals

5 concept points · 3 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
Important Points

🧮 Formula sheet

  1. 1.Time limit Sec 153: 12 months from end of AY (some cases 18 months / 24)
  2. 2.Reassessment Sec 148: 3 years (normal), 10 years (if income escaped > ₹50 lakh)
  3. 3.Appeal fee: ₹250 / ₹500 / ₹1,000 / ₹10,000 by income slab

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