TaxDhani

In the Union Budget 2019, the Finance Minister proposed the introduction of a scheme of faceless e-assessment. The scheme seeks to eliminate the human interface between the taxpayer and the income tax department.
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A loss return is a communication forwarded by a taxpayer to the Income Tax department, informing that there is a loss incurred for a financial year📉Typically, the purpose of filing a loss return is to enable the taxpayer to carry forward the loss to future periods