my client has received notice u/s 148 (within meaning of section 147) for A. Y 2009-10 on 31/03/2016. is these notice time barred? if not what procedure to be followed as he is salaried employee and has filed all return till today on time.
girish punjabi (manager) (29 Points)
03 May 2016my client has received notice u/s 148 (within meaning of section 147) for A. Y 2009-10 on 31/03/2016. is these notice time barred? if not what procedure to be followed as he is salaried employee and has filed all return till today on time.
AakashKapadia
(Chartered Accountant )
(123 Points)
Replied 03 May 2016
This issue was noticed in many cases this year .
Well the notice is valid within the meaning of Section 147 , since the A.O has 6 years from the end of relevant A.Y. To reopen the case if the income escaping assessment according to his reasons recorded exceeds Rs. 1,00,000/- and provided no assessment or reassessment has been carried out earlier in the assessee's case.
girish punjabi
(manager)
(29 Points)
Replied 03 May 2016
girish punjabi
(manager)
(29 Points)
Replied 03 May 2016
AakashKapadia
(Chartered Accountant )
(123 Points)
Replied 03 May 2016
You have to file return of income for that A.Y. In response to notice u/s 148 and then file objection to reopening of the same and ask for reasons recorded for reopening the same ..!
girish punjabi
(manager)
(29 Points)
Replied 04 May 2016
AakashKapadia
(Chartered Accountant )
(123 Points)
Replied 04 May 2016
Yes, you have to file ROI in response to notice u's 148,
Are you unaware of provisions of the Income Tax Act in this regard?
CA SUNIL SURI
(chartered accountant)
(345 Points)
Replied 04 May 2016
FILE INCOME TAX RETURN IN RESPONSE TO THE NOTICE U/S 148 AND THEN ASK FOR THE REASONABLE CAUSES FROM A.O.
CA SUNIL SURI
(chartered accountant)
(345 Points)
Replied 04 May 2016
FILE INCOME TAX RETURN IN RESPONSE TO THE NOTICE U/S 148 AND THEN ASK FOR THE REASONABLE CAUSES FROM A.O.
girish punjabi
(manager)
(29 Points)
Replied 04 May 2016
AakashKapadia
(Chartered Accountant )
(123 Points)
Replied 04 May 2016
Yes anytime:)
but do consult the local knowledgeable CA while filing the ROI as the cases selected u/s 147 are quite crucial .
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