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Notice under section 148

Tax queries 2748 views 4 replies

Hi everybody.

One of our client has received notice u/s.148 for A.Y. 2009-10 proposing to assess /re-assess the income and requiring to deliver a return in prescribed form of the income for the said assessment year.

The assessee had already filed the return of income.

I want to know how to proceed with this notice. What are the steps to be taken in response to this notice?
 

Replies (4)

If there is delay in filing return, it may attract Interest u/s 234A(3) if he originally filed a return and u/s 234A(1) if no return was filed originally.

After filing return, assessee can seek reason recorded by assessing officer for issueing notice u/s148 and can clear his stand during assessment/re-assessment proceedings.

 

 

Assessee already had filed the return within the due date. There was no delay in filing the return.

so I have to just reply to this notice by writing letter and attaching the copy of return filed

The reply - to treat the original return as the return in response to notice u/s 148, should be filed within the time specified in the notice, otherwise the delay would attract interest u/s 234A(3) if the tax on re-assessed income is higher than the tax on returned income.

thanks for the help


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