Time barred assessments
This query is : Resolved
26 November 2022
Against belated return filed by the assesee for the assessment year 2020-21 on 31/10/2021, assessment order was passed on 31/10/2022.
Whether assessment order is time barred ?
Whether assessment order is time barred ?
26 November 2022
No.
Sec.153(1).... Passing assessment order under section 143 or 144
a) Within 21 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2017-18 or before]
b) Within 18 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2018-19]
c) Within 12 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2019-20]
d) Within 18 months from end of the assessment year in which income was first assessable [Applicable for assessment year 2020-21].....................
Sec.153(1).... Passing assessment order under section 143 or 144
a) Within 21 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2017-18 or before]
b) Within 18 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2018-19]
c) Within 12 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2019-20]
d) Within 18 months from end of the assessment year in which income was first assessable [Applicable for assessment year 2020-21].....................
Message likes :
1 times
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
- Credit rating model
- Youtube income
- 115-BAC-for AOP-private discretionary trust
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- GST APPEAL ITC
- TDS U/S 194S VDA
- TCS Return Without PAN
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Surcharge on discretionary AOP/TRUST for AY 25-26
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
