Notice u/s 142(1)(ii)

2639 views 11 replies

i m received notice u/s 142(1)(ii) for my NGO

what says this section plz help

 

thnks

 

Replies (11)

This requires you to produce the documents or accounts as required by the assessing officer for scrutiny of your return..

Agree with chippy...you are required to produce documents specified in notice

thnks friends

 

and office bearer means

thnks friends

 

and tell me who is the office bearer in ngo

office bearer means who occupy the position of chairman/president or who has power to execute the documents of NGO by affixing signature(Power of attorney)

what is the time limit for AO for issue of notice  u/s 142(1)(ii) 

for defeat the tribunal decision in case of motorola Inc...finance act 2006 introduce amendment with retrospectively  effect states that "The notice u/s 142(1)  can be issued even after the end of the relevant assessment year .

 

analysis of amendment-

1.notice u/s 142)1) can be issued only after the due date mentioned in sec 139(1).

2.notice u/s 142(1) can be issued even after the end of the relevant assessment year.

so  there are  no limit for AO to issue notice u/s 142(1)

3. another thing is that Ao can  demand the books of relating to period more than three year prior to the previous year

plz give me source/link  for reding about sec. 142 and 143

visit below link and insert sec no https://law.incometaxindia.gov.in/DIT/Income-tax-acts.aspx

if we received Notice u/s 142(1)(ii) for the F.Y:- 2008-09

then the AO have power to again make notice for scrutiny of the 2009-10, 2010-11

if we received Notice u/s 142(1)(ii) for the F.Y:- 2008-09

then the AO have power to again make notice for scrutiny of the 2009-10, 2010-11


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register