How many prev years info can be asked by it dept
This query is : Resolved
17 January 2014
Dear all
I want to know how many years information can be sought by Income Tax dept!!! Will there be any difference if the same is done after search and seizure.
18 January 2014
well including search and seizure as such the information required is only for past six years preceding the current assessment year.
However, given that the reassessment proceedings can now be initiated for upto past 16 years incase of income escaping assessment is in relation to foreign income, AO may ask for information for past 16 years (in case of reassessment).
However, given that the reassessment proceedings can now be initiated for upto past 16 years incase of income escaping assessment is in relation to foreign income, AO may ask for information for past 16 years (in case of reassessment).
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22 January 2014
Dear Nikhil
Can you pls give me any link or any case or any section for the same. I'll be very much obliged.
Thank you
Can you pls give me any link or any case or any section for the same. I'll be very much obliged.
Thank you
22 January 2014
Dear Kriti,
Please refer Rule 6F(5) read with Section 149...
Please refer Rule 6F(5) read with Section 149...
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22 January 2014
I hope it suffice...
22 January 2014
good to hear that...
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