What is the timeline for issuing 148 notice for FY 2018-2019? My accountant said it is not 6 year 3 months from the end of FY. Is it true? For 50+ L ?
Pls advise.
Thanks
What is the timeline for issuing 148 notice for FY 2018-2019? My accountant said it is not 6 year 3 months from the end of FY. Is it true? For 50+ L ?
Pls advise.
Thanks
The new time limit for issuing a notice under Section 148 for FY 2018-2019, considering it involves income of Rs.50 lakhs or more , is 6 years from the end of the assessment year 2019-2020, which is 31 st March, 2025.
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