Quick Summary
The Income Tax Department has released a handy reference document detailing the statutory time limits for issuing various income-tax notices and completing assessments under the Income-tax Act, 2025, as amended by the Finance Act, 2026. The document provides taxpayers, professionals and businesses with a quick overview of assessment timelines and notice issuance deadlines applicable under different provisions of the law. Understanding these timelines is crucial because they determine the period
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FAQ :
A summary assessment must be completed within nine months from the end of the financial year in which the income-tax return is furnished.
For scrutiny assessments, the Assessing Officer must serve notice within three months from the end of the financial year in which the return is filed.
Notice for reassessment can be issued within 4 years and 3 months, or in some cases, 6 years and 3 months from the end of the relevant tax year. The reassessment must be completed within one year from the end of the financial year the notice was issued.
Block assessments must be completed within 18 months from the end of the quarter in which the last search authorization or requisition was executed.
Orders giving effect to appeal results must be completed within six months from the end of the month in which the order is received or passed.
In cases involving an updated return, the one-year time limit for assessment completion is counted from the end of the financial year in which the updated return is furnished.
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