IT- What is Proceeding Timeline?

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From an Income Tax (IT) perspective in India, the "Proceeding Timeline" refers to a chronological record of actions and events related to a taxpayer's assessment or any ongoing proceedings initiated by the Income Tax Department. It is available on the Income Tax e-filing portal and helps track activities such as scrutiny, reassessment, rectification, or penalty proceedings. The timeline promotes transparency, helps taxpayers stay updated, and ensures timely compliance.

Data Captured in the Proceeding Timeline:

• Assessment Year (AY): The financial year to which the proceeding relates.
• Proceeding Section: The specific section of the Income Tax Act under which the action is taken (e.g., 143(3), 147, 154).
• Important Dates: It captures all important dates of the proceeding
• Status: The current status of the proceeding .
• Notices: All the notices related to the proceedings are captured with all its important details.
• Timeline: It captures the actions on the proceeding in chronological order

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