Reassessment Calendar February 2025

Reassessment Calendar February 2025. Budget 2025 proposes amendments to sections 153 and 139 of the income tax act to streamline and rationalize the timelines for tax assessments, reassessments, and. The bill proposes that the new reassessment provisions (including block assessment provisions) will be effective from 1 september 2025.

The finance act, 2021 amended the procedure for assessment or reassessment of income in the act with effect from the 1st april, 2021. The month of february 2025 is a crucial time for businesses and individuals to meet the deadlines set by the gst, income tax returns, tds certificates, and llp laws.