Mysuru: Income Tax assessments is usually an annual affair for all entities and unless handled with requisite skill can result in avoidable tax demands. Sometimes the issues involved are controversial and one has to resort to appellate forums against tax demands.
In relatively smaller cities like Mysuru, companies depend largely on external professionals for handling assessments. Example, practicing Chartered Accountants or Advocates. In such a scenario, it becomes extremely important that the finance and accounts persons within the company are well equipped with some basic principles governing assessments and appeals so that they can ensure that they are getting good services from external professionals.
