WebOct 27, 2024 · Time Limit for Issuing of notice u/s 148: Section 149 provides that notice u/s 148 can be issued within 4 years from the end of relevant assessment year if the income … WebJan 5, 2024 · How to Give Notice. The landlord is recommended to either post this on or under the tenant’s door. If the landlord decides to mail the notice, it should be sent 1st …
Amnesty Scheme Under GST Extension of time limit of Filing …
Section 149 of the Income Tax Act, provides that the notice under section 148 could be issued within a period of 4 years from the end of relevant AY (assessment year) in case the income so escaped doesn’t exceed INR 1 lac. In case the income so escaped is more than INR one lac the notice under the said section could … See more An individual could receive a notice under section 148 in case the assessing officer believes that such an individual’s income chargeable to tax might have escaped … See more Section 151(1) of the Income Tax Act, 1961 contains the provisions for issue of notice: 1. No notice would be issued by an Assessing Officer under section 148, after … See more The key thing to bear in mind is to not to take the notice lightly. In case you receive the notice under section 148, please follow the below-mentioned pointers: 1. … See more WebMay 17, 2024 · If the income tax officer decides to reopen the case, a copy of the order and a notice (under Section 148) must be issued to the taxpayer. As per the time limitation clause, a notice cannot be issued in normal scenarios if three years have elapsed since the end of the relevant assessment year. in an ap sm n and sn m
Notice under section 148 of Income Tax Act, 1961
WebMay 14, 2024 · Until March 31, 2024, the notice under section 148 for income escaping assessments could be issued within 4 years from the end of the relevant assessment year if the amount of income that has escaped assessment is less than Rs. 1 lakh. WebIntroduced and read first time: January 13, 2024 Assigned to: Economic Matters ... 16 owner or licensee needs to make a notification under subsection (b)(2) of this section. 17 (ii) … WebFeb 1, 2024 · Notice under section 148 of the Income Tax Act can be issued within the time limit prescribed below – As per the provisions of Sec 149, the notice u/s 148 can be … in an ap sm n and sn m find sm+n