NOTICE UNDER SECTION 142(1)
This query is : Resolved
30 October 2009
MY SINCERE THANKS TO MS.SEEMA FOR HER KIND REPLY. HOWEVER, MY DOUBT STILL PERSISTS. TO MY KNOWLEDGE THE POWER OF ENQUIRY UNDER SECTION 142(1) IS VESTED WITH AO FOR COMPLETING THE ASSESMENT WHICH IS STARTED BY NOTICE UNDER SECTION 143(2). WHEN NO NOTICE UNDER SECTION 143(2) HAS BEEN ISSUED AND CANNOT NOW BE ISSUED SINCE BARRED BY LIMITATION, HOW CAN A NOTICE UNDER SECTION 142(1) BE ISSUED?
30 October 2009
Notice under section 142(1) is issued for the purpose of making an assessement.
Section 142(1) has three clauses (i),(ii) and (iii). Notice under section 142(1)(i) is issued asking the assessee to file return, where the assessee if failed to do so.
Notice under section 142(1) (ii) and (iii) is served whether assessee files return of income or not.
Notice under section 143(2) can be issued only if the return of income is filed.
The time limit for serving the notice under section 143(2) is with in six months from the end of the financial year in which the return of income is filed.
The notice under the section 142(1) served only after expiry of time limit for filing return of income.
Section 142(1) has three clauses (i),(ii) and (iii). Notice under section 142(1)(i) is issued asking the assessee to file return, where the assessee if failed to do so.
Notice under section 142(1) (ii) and (iii) is served whether assessee files return of income or not.
Notice under section 143(2) can be issued only if the return of income is filed.
The time limit for serving the notice under section 143(2) is with in six months from the end of the financial year in which the return of income is filed.
The notice under the section 142(1) served only after expiry of time limit for filing return of income.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Relief u/s Section 89
- Rent lease agreement
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
