Section 148 notice

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 If some one receives a notice under section 148 for assessment year 10-11 in june 2014 is it valid ?
A notice under section 148 can be sent within 4 years of the end of the relevent assessment year if the amount is less than 1 lakh.

So in this case is 4 years counted from the assesement year 11-12 onwards or with reference to the financial year 10-11 onwards(the tax is for financial year 09-10)

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 June 2014 no as only till 31.3.2014 (AY 14-15) the notice u/s148 is valid in this case.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 June 2014 it is a valid notice. the four years end on 31 March 2015. Four relevant year are AY 2011-12, 2012-13, 2013-14 and 2014-15

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