According to 142(1) if any person does not filed the return by the due date u/s 139 or the end of relevent A.Y. then a notice can be issue to that person for filing the return.the word "the end of relevent A.Y." was inserted in Finance bill 1995 but prior to that this line was not inserted and wat difference this line does made i m unable to understand.i know only one thing that before this A.O.can not sent this notice after end of relevent A.Y...............Can anyone explain Me the difference made by this line if yes then plz?
Menu
Section 142(1)
Replies (4)
If the return of income is not filed u/s 139 (1) , which is before due date of 31st July, the AO can issue a notice u/s 142(1) requiring the assessee to file the return of income within the time specified by him.
O come on Mr.Mihir read the question first.
If a person does not file the return by 31st july or 30th september as the case may be, then the AO can sent an intimation u/s 142(1) to the assessee to file the return within the time allowed in the intimation.The line" by the end of the relevant A.yr" was inserted by f.act 2006, earlier Ao used to sent the intimation as soon as the assessee fail to submit the return by the due date but now bcoz of that line now Ao normally waits till the end of the A.yr and then sends the intimation.But this line does not stops an Ao to sent intimation u/s 142(1) as soon as the assessee fails to submit the return bcoz of the word "OR"
The conclusion is that Ao can sent intimation after 31st july/30th september and it can sent even after the relevant A..yr
Thank You very much Sir.
Recent Topics :
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
- Can I pursue articleship alongside a regular full-
- Investment fund's income from ncd distribution to
- Comparative BS PL with Audit report
Related Topics :
CAclubindia
