| Question And Answer | |
|---|---|
| Subject: | Time limit for Issuing scrutiny notice u.s 143 (2) , FY 2018-19 |
| Category: | Income-Tax |
| Querist: | Sameer jain |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | issuing scrutiny notice, Time limit for issue of scrutiny notice |
| Date: | June 15, 2021 |
Dear Shashi ji,
Could you pl advise us the last date for issuance of notice under 143(2) for FY 2018-19 not for FY 2019-20
Kind regards
Sameerjain
Dear Sir,
Reiterating, as per proviso to section 143(2) of the Income-tax Act, 1961 (Act), no notice under this subsection shall be served on the assessee after the expiry of six months from the end of the financial year in which the return is furnished. (The same has been reduced to three months vide Finance Act, 2021)
It is pertinent to check in which FY the return is filed and accordingly, the last date for Notice under section 143(2) of the Act can be ascertained.
If the return for FY 2018-19 was filed was filed in FY 2019-20, the last date for issuance of scrutiny Notice under section 143(2) of the Act ought to be September 30, 2021; However, the same was extended to October 31, 2020 vide CBDT Circular F No. 225/126/2020/ITA-II dated September 30, 2020.
Similarly, if the return for FY 2018-19 was filed in Financial Year 2020-21, the last date for issuance of scrutiny Notice under section 143(2) of the Act is September 30, 2021.
Hope the same clarifies.