Showing articles with income tax. Show all articles
A Section 142(1) notice is issued to request documents, accounts, or explanations from a taxpayer for assessment purposes, even before filing returns in some cases. In contrast, a Section 143(2) notice is issued after filing of return, when the Assessing Officer selects a case for detailed scrutiny.
Russia introduces crypto tax laws, taxing mining income up to 15%, recognizing digital currencies as property, and imposing energy-based mining limits.
