Section 144 of IT act

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This discussion clarifies the time limits for issuing notices under Section 144 of the IT Act. Unlike Section 149, Section 144's timelines are detailed in Section 153 and vary significantly depending on the assessment year. The response provides specific deadlines for assessment years up to 2017-18 and for subsequent years, including 2018-19, 2019-20, 2020-21, 2021-22, and 2022-23 onwards.

dsd1986@gmail.com

dsd1986@gmail.com (Querist)

23 March 2024 Dear experts, is there any maximum time limit till when IT notice under section 144 can be issued....like we have in section 149 of 3 years and 10 years....Thanks in advance....

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

26 May 2024 The time limit to initiate assessment as per Section 144 is discussed in Section 153. They are:

For assessment years 2017-18 or before: Within 21 months from the end of the assessment year in which the income is first assessed.
For the assessment year 2018-19: 18 months from the end of fiscal year when the income is assessable for the first time.
For the assessment year 2019-20: Within 12 months of first assessing the income, by the end of assessment year.
For assessment year 2020-21: Within 18 months of the end of the financial year, where income was originally assessed.
For assessment year 2021-22: Within 9 months from the end of assessment year when income is assessable for the first time.
For assessment year 2022-23 onwards: 12 months from the end of fiscal year where income was originally assessed.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

08 September 2024 Good Luck.

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