Section 148 Notice for FY13
This query is : Resolved
Varun Kansal
(Querist)
18 April 2021
Hi,
We have received a notice under Section 148 for our tax filing for the FY ending 31st March, 2013 a few days back. But as far as we know, we only have to keep the tax filings for the last 7 years. Then how can the government send a notice of more than 7 years ago? Also, what will happen if we don't have the records for those years? (In the lockdown last year, we removed all the records which were more than 7 years old). Please help and advise. Thanks in advance.
We have received a notice under Section 148 for our tax filing for the FY ending 31st March, 2013 a few days back. But as far as we know, we only have to keep the tax filings for the last 7 years. Then how can the government send a notice of more than 7 years ago? Also, what will happen if we don't have the records for those years? (In the lockdown last year, we removed all the records which were more than 7 years old). Please help and advise. Thanks in advance.
CA R SEETHARAMAN
(Expert)
19 April 2021
They can't ask for more than 6 years records unless you have not reported any foreign assets.
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