Time Limit for issue of notice of Assessment under Section 143(2) and Section 149 by CA Kushal Soni

[@mystic7426]

Prior to issuing notice under 148, it is perhaps mandatory to first issue notice under 143(2) within the stipulated time limit. Without issuing notice under 143(2), notice under 148 is not valid. Please clarify.

[@CAKushalSoni]

There is no such mandate to issue notice u/s 143(2) prior to issue Sec 148 notice.

[@NANASPOT-o2l]

Sir kindly give special video on 133(6)

[@CAKushalSoni]

Sure, we will soon make a video on this.

[@aryangupta-yi5dq]

what is time limit reopening assessment for AY 2017-18. if return not filed

[@CAKushalSoni]

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[@mehakmalhotra234]

earlier the time limit under 149 was 4 or 6 years to send notice before this amendment on 2021, lets say if notice has to be sent for Ay 17-18, will the time limits to send notice be revised to 10 years? or will it be restricted to 6 years only?

[@CAKushalSoni]

It is clearly mentioned in new scheme of assessment that something which cannot be done in unamended law, cannot be done in amended law.

[@prekshachauhan6276]

@@CAKushalSoni Even for search cases u/s 153A/153C?

[@CAKushalSoni]

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[@harinarayankumar-pq1wx]

And sir what if assett concerning relevant assessment year is sold later on and all money is spent for cases more than 3 years....

[@CAKushalSoni]

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[@akkudiary1138]

Sir, what is the meaning of investment made in an asset in previous financial years as well will sum up and if sum if more than 50 lacs than time limit is 10 years in amendment made in FA2022. Does it means sum will be considered only if more than 50 lacs investment is made in one asset or could it be combination of multiple assets in multiple FY as well amounting sum more than 50 lacs….

[@CAKushalSoni]

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[@SadhuSingh-zv3cf]

Sir, time limit for IT notice for A.Y. 2018-19 where income escaped assessment is more than 50 lacs is 6 years or 10 years?

[@CAKushalSoni]

10 years

[@thegameeeeeeeeeeee]

​@@CAKushalSoni Sir, with all due respect i have another opinion as per proviso 1 of section 149 and as per CBDT circular dated 10 dec. 2021 where they mentioned that as per proviso 1 A.Y. 2015-16 for extended period and 2018-19 for limit less than 50 lacs will be time barred on 31 march 2022. So here for A.Y. upto 21-22 extended time limit is of 6 years only and than 10 years will come in which is also mentioned in proviso as any a.y. before 1 april 2021 will be governed by old law....your views please

[@CAKushalSoni]

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[@sks3375]

6 years upto f.y. 2019-20...From 2020-21 it is 10 years...

[@sonydaniel5698]

Sir please explain sec 149(1A)

[@CAKushalSoni]

We will soon make video on this. Thanks for suggestion. Subscribe to channel and stay connected

[@sonydaniel5698]

@@CAKushalSoni badly waiting for the video, because different tutors are having different views about it and its a new amendments. Expecting a video soon.

[@CAKushalSoni]

@@sonydaniel5698 We will soon make video on this. Thanks for suggestion. Subscribe to channel and stay connected

[@Armaannk]

can you plz tell if we are not able to reply to 142(1) then will the ITO pass a final tax order or will he send another notice ?

[@CAKushalSoni]

In this case ITO will issue draft assessment order then proceeds to pass final assessment order. For more information on this write to us at [e-mail]

[@sachisbitter4555]

Meri mother retired person he unhone jab ITR bharaya...by income tax office ke TAX ASSISTANT se toh 10999,ka tax bana toh unhone 80c ke tahat 20500rs kiya aur ....tax zero ho gaya..means 5 lakh 3000Approx tha toh less than 5 lakh ho gaya aur zero tax aaya toh ye sahi tha..bcz TAX ASSISTANT ne kha ham jaante he ye sahi he ..but aap apni rai dijiye..bcz ye kya kiya?..i hope u will reply

[@CAKushalSoni]

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[@JobGurujiMarathi]

Sir mere pas 4 lack the. Mai usi amount ko FD me reinvest karta gaya aur AIS me 94 lack ka transactions bata raha hai. Kya ab muze ITR-U file karni chahiye. Mene pahle kabhi ITR nahi bhari. Meri income nahi hai. I am a student. Muze itni sari FDs pe only 6000 ka interest mila hai. To kya mai ab meri income na hote huye bhi 2.6 lack income dikha kar ITR-U file karta hun to kya ye thik rahega?

[@CAKushalSoni]

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[@narasimhamurthymg9424]

Sir is there any time limit to issue notice under section 142(1)in normal cases?

[@CAKushalSoni]

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