| Question And Answer | |
|---|---|
| Subject: | Time limit for scrutiny assessment AY 2020-21 |
| Category: | Income-Tax |
| Querist: | Sree Lekha |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Assessment, Notice |
| Date: | July 18, 2021 |
Sir,
What is the time limit for issuance of notice for fy 2019-20? Will the reduced time limit of three months apply as against the original period of 6 months? Notices u/s 143(2) were already received in few cases before 30-06-2021.
Can it be considered that all the notices are issued and no further notices will be issued?
Please clarify.
It needs to be checked in which financial year the return for FY 2019-20 is filed.
With effect from AY 2021-22, Notice under section 143(2) of the Act can be issued within 3 months from the end of the Financial Year in which the return is filed.
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“With effect from AY 2021-22, Notice under section 143(2) of the Act can be issued within 3 months from the end of the Financial Year in which the return is filed.”
WEF AY 2021-22 means 143(2) Notices to be issued during that AY?
My client filed return for AY-2020-21 on 31-03-2021. What shall be the time limit to furnish notice u/s 143(2)? 3 months or 6 months?
yes