| Question And Answer | |
|---|---|
| Subject: | Extension of time limit for issue of notice due to covid |
| Category: | Income-Tax |
| Querist: | Rajendra Kumar |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | extension, Extension granted from time to tine, Limitation, Time limit for issue of scrutiny notice |
| Date: | April 14, 2022 |
Was any extension of tome allowed for issue of notice u/s. 142(1) or u/s. 143(2) for the assessment Year 2020-21 due to covid?
Vide Finance Act, 2022, section 153 of the Income-tax Act, 1961 was amended. Thus, inter alia, the time period for assessments for assessments post April 01, 2020 has been extended to 18 months. Therefore, the last date for assessment for AY 2020-21 will be September 30, 2022.
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