banner_ad

Income tax

Tax queries 589 views 6 replies

dear sir,

          i am really confused for sec 143(2) & 143(3) of income tax act. what is the purpose of each section ? my guess is 143(3) means securtiny assessment ( ask for books of accounts), 143(2) means ( return filled with out books), its corect or wrong? clearly my query.

 

Replies (6)

Section 143(2) deals with notice served by assessing officer for making scrutiny assessment under section 143(3). Notice u/s 143(2) is served on assessee requiring him produce evidence in support of his return. Based on evidence produced by the assessee, the assessing officer assesses the income of the assessee(Scrutiny assessment u/s 143(3)).

furnishing of return by assessee > notice u/s 143(2) > assessee produces evidence in support of his return > scrutiny assessment u/s 143(3)

Nice answer to the query.

therefore both sec( 143(2) & 143(3) are scurtiny assessment based on assesse filling the return.

its right ?

 

Hi, Srikumar

The reply given by CA. Vishal Gupta is perfect

Assessment is done u/s 143 (3) for which first notice is served u/s 143 (2) based on filling of return

Xactly for assessment u/s 143(3) (which can be done not later than 2 years frm the end of relevant AY) ,notice is issued u/s 143(2) which can be issued within 6 mnths frm the end if the FY in which return is furnished.

thank you above expets now i undrestanding the concept for both section

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details