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Belated return and assessment
If an assessee files a belated return beyond the time limit, will his return be treated as valid? How can the Income tax department do assessment in such a situation?
Replies (4)
be lated return file minimume two year and assessment has been done after third year.
He can't file d BR beyond due date. He if do d same and return will be treated as invalid. AO will do d assessment based on section 144 I.e best judgement assessment.
first notice will be issued of non-filing of income tax return .
Ya if notice is served u/s 142(1), then it is possible to file d BR beyond due date but restricted to date mentioned in notice.
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