Return

406 views 1 replies

Hey...guys ...do me a favor can any body give comment on this..

see...a person can  now  file return of A.Y 2008-09, with refund claim .....shallhe get the refund.....

what is effect of time barring because u/s 139 there is no as such mentioned that return can not be filed beyond particular time period.......but act has indirectly imposed the time constraints on A.O i.e 6months from the end of the assessment year......

can notice issued u/s 148 for income escaping assessment, be issued by suomotto rights of the A.O

please comment and correct my interpretation if iam wrong......

Thanks....

Replies (1)

Hi prathamesh,

Last date for filing of Return for A/Y 2008-09 was 31.03.2010.

Now it can not be filed voluntarily. It can only be filed in pursuance of notice.

Without having filed return, refund cannot be claimed.

Regarding notices & income escaping assessment - I feel there is little misunderstanding.

6 months is the time limit for issue of notice u/s 143(2) for scrutiny assessment i:e assessment u/s 143(3)

Whereas Income escaping assessment is done u/s 147 but there are so many other conditions including for approval, etc pls refer sec 151 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details