Income tax time limit

chaudhary.akanksha77@gmail.com (50 Points)

22 February 2021  

Hi, I am having one query as per finance act 2021 time limit to issue notice under section 149 have been reduced to 3 and 10 yera based on amount. Here this time limit will be applicable on cases after AY 2021-2022 or will it be applicable on previous A.Y. as well after 01 April. For instance after 31 March 2022 cases of F.Y. 2017-2018 will be time barred or cases of F.Y. 2014-2015 will be time bared.