Section 144 of IT act

This query is : Resolved

dsd1986@gmail.com

dsd1986@gmail.com (Querist)
Follow

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)
Follow

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)
Follow

08 September 2024 Good Luck.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aayesha mulani

Manish Tiwari

Amit Choudhary

SANJAY GOSALIA

Ashok Kumar Garg

Subscribe Now

Section 144 of IT act

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Accountant

Manager- Finance and Compliance

CA Final

Senior Executive