Question ID :
36918
time limit for the issuance of notice u/s 148
what is the time limit for the issuance of notice u/s 148 by Assessing Officer.?
Posted by
Mohit Gupta
on
Jan 01, 2019
Filed Under
MISC.
Normally time limit for issue of Notice period is 4 or 6 years.
Posted by
Mohit Gupta on
Jan 01, 2019
Answer ID :
76133
4 years if the escaped Income less than Rs. 1,00,000/-
Posted by
Mohit Gupta on
Jan 01, 2019
Answer ID :
76134
6 years if the escaped income is Rs. 1,00,000/-
Posted by
Mohit Gupta on
Jan 01, 2019
Answer ID :
76135
Can go up to 16 yrs also,per section 149(1)(c).
Posted by
B.CHACKRAPANI WARRIER on
Jan 02, 2019
Answer ID :
76138
4 years for income escaping assessment upto Rs. 100000
6 years for income escaping assessment more than Rs. 100000
16 years for income in relation to foreign asset.
Posted by
Anuj Tiwari on
Jan 02, 2019
Answer ID :
76200
1. 4Years if income esacping < Rs. 1.00 Lakhs
2. 6 Years if income escaping > Rs. 1.00 Lakhs
3. 16 years for income in relation to foreign assets
Posted by
CA. SATISH CHAND GARG on
Jan 12, 2019
Answer ID :
76800
4 years from the end of the relevant assessment year in the normal course.
4 years but not exceeding 6 years when the escaped income exceeds rs. 1 lakh or more.
4 years bot not exceeding 16 years when y=the escaped income involves foreign income
Posted by
CA. VENKITARAMAN K V on
Jun 08, 2019