Assessment compleated
This query is : Open
04 January 2014
Good after noon sir..,
i have doubt,through how many ways assessment can be compleated.if order u/s 143(3) was received after that we went to appeal for that order. in this case assessment is compleated or not?
Thank you in advance.
i have doubt,through how many ways assessment can be compleated.if order u/s 143(3) was received after that we went to appeal for that order. in this case assessment is compleated or not?
Thank you in advance.
04 January 2014
Mr.Chegireddy Pothi Reddy
In your case the assessment is completed. If you get any relief in the appeal the concerned assessing officer will recompute your income and calculate tax there on in an order called "CONSEQUENTIAL ORDER".
Best Wishes
Sathikonda
In your case the assessment is completed. If you get any relief in the appeal the concerned assessing officer will recompute your income and calculate tax there on in an order called "CONSEQUENTIAL ORDER".
Best Wishes
Sathikonda
04 January 2014
may i know, what is the time limit for issue of order u/s 143(3)
MEHUL SHAH
(Expert)
06 January 2014
Time limit was 31st March 2014 and your order it seems is well within the time limit and you need to file an appeal within 30 days from assessment order.
Message likes :
1 times
06 January 2014
Mr.Chegireddy Pothi Reddy,
As per the provisions of section 153 of the Income-tax Act, 1961 no order is supposed to pass either u/s 143 or u/s 144 after expiry of two years from the end of the assessment year in which the income is first assessable. In your case if the assessment year involved is 2011-12, two years from the end of the assessment will be calculated as under-
from 1-04-2012 to 31-03-2013 - One year
from 01-04-2013 to 31-03-2014 - second year
After 31-03-2014 no order can be passed either u/s 143 or u/s 144
Hope you have got the clarification.
Best Wishes
SathikondaA
As per the provisions of section 153 of the Income-tax Act, 1961 no order is supposed to pass either u/s 143 or u/s 144 after expiry of two years from the end of the assessment year in which the income is first assessable. In your case if the assessment year involved is 2011-12, two years from the end of the assessment will be calculated as under-
from 1-04-2012 to 31-03-2013 - One year
from 01-04-2013 to 31-03-2014 - second year
After 31-03-2014 no order can be passed either u/s 143 or u/s 144
Hope you have got the clarification.
Best Wishes
SathikondaA
06 January 2014
Mr.Chegireddy Pothi Reddy,
As per the provisions of section 153 of the Income-tax Act, 1961 no order is supposed to pass either u/s 143 or u/s 144 after expiry of two years from the end of the assessment year in which the income is first assessable. In your case if the assessment year involved is 2011-12, two years from the end of the assessment will be calculated as under-
from 1-04-2012 to 31-03-2013 - One year
from 01-04-2013 to 31-03-2014 - second year
After 31-03-2014 no order can be passed either u/s 143 or u/s 144
Hope you have got the clarification.
Best Wishes
SathikondaA
As per the provisions of section 153 of the Income-tax Act, 1961 no order is supposed to pass either u/s 143 or u/s 144 after expiry of two years from the end of the assessment year in which the income is first assessable. In your case if the assessment year involved is 2011-12, two years from the end of the assessment will be calculated as under-
from 1-04-2012 to 31-03-2013 - One year
from 01-04-2013 to 31-03-2014 - second year
After 31-03-2014 no order can be passed either u/s 143 or u/s 144
Hope you have got the clarification.
Best Wishes
SathikondaA
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
