Hello Every one,
can you tell me what is Time limit for issue of notice u/s 148 for the FY 2019-20.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5373 Points)
Replied 24 October 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178882 Points)
Replied 24 October 2024
Under normal case till 31.03.2023.
31.03.2030 if AO has in his possession books of account or other documents or evidence which reveal that the income chargeable to tax, represented in the form of asset, which has escaped assessment amounts to or is likely to amount to INR 50 lakhs or more for that year.
Andy Erdman
(AndyErdman)
(22 Points)
Replied 18 November 2024
31 March 2023 is the general deadline for the tax authorities to send notices.
31 December 2023 is the deadline for those whose income does not exceed ₹50 lakh and have filed their tax returns.
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