by Audit Analyst | Jan 2, 2026 | Corporate Tax
Availability of Tax Rulings Yes, tax rulings are available for corporate tax matters in India. They are issued in the form of advance rulings, clarifications, and circulars. These rulings help corporations understand the tax implications of proposed transactions. They...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
Meaning and Authority of CIT(A) CIT(A) refers to the Commissioner of Income Tax (Appeals). It is the first appellate authority under the Income-tax Act, 1961. CIT(A) operates independently from the Assessing Officer. It is empowered to adjudicate appeals filed by...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
When to File an Appeal An appeal is filed when a company disagrees with the assessment or order issued by the Income Tax Department. Orders under sections like 143(3), 147, 154, or penalty sections can be appealed. The appeal must be based on legal grounds or...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
Meaning of CPC (Centralized Processing Centre) CPC stands for Centralized Processing Centre of the Income Tax Department. It is responsible for processing electronically filed income tax returns. CPC operates as an automated system without human intervention for...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
Purpose of Rectification Request A rectification request is filed to correct mistakes apparent from the record. It is filed under section 154 of the Income-tax Act, 1961. Common issues include incorrect tax calculation, mismatch in TDS, or wrong credit. It is not used...
