Income tax notice under Section 148A
2 years ago
my mother is 75 years old & very sick,,now she has got notice from IT Dept to file her returns for year 2013-2014 under section 148A stating she escaped from assessment .Is it Legally rightfor IT DEPT to send notice for 9 years older case . what she should do as her health condition is not stable to reply
A.Dear Sir,
Normally, four years is the limitation to issue such notices. You may approach Advocate practicing on income tax matters or approach any chartered accountant to solve the problem.
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Normally, four years is the limitation to issue such notices. You may approach Advocate practicing on income tax matters or approach any chartered accountant to solve the problem.
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A.IT assesses need to file IT returns for each financial year failing which the reply should be submitted and appear for the notices as directed by the authorities accordingly
IT assesses need to file IT returns for each financial year failing which the reply should be submitted and appear for the notices as directed by the authorities accordingly
IT assesses need to file IT returns for each financial year failing which the reply should be submitted and appear for the notices as directed by the authorities accordingly
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A.Hi,
Under the Finance Act, 2017 IT officers can now reopen tax cases for up to 10 years if search operations reveal undisclosed income and assets of over Rs 50 lakh. Consult with an tax advocate for further advice.
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Under the Finance Act, 2017 IT officers can now reopen tax cases for up to 10 years if search operations reveal undisclosed income and assets of over Rs 50 lakh. Consult with an tax advocate for further advice.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
With the Finance Act, 2017, the IT department can reopen cases upto 10 years old. It empowers tax officials to issue notices to such assessees up to the 10th assessment year, beyond the 6th assessment year already provided for in the I-T Act. You will have to consult with an advocate to reply to that notice issued to you.
If you like my answer, please rate me.
With the Finance Act, 2017, the IT department can reopen cases upto 10 years old. It empowers tax officials to issue notices to such assessees up to the 10th assessment year, beyond the 6th assessment year already provided for in the I-T Act. You will have to consult with an advocate to reply to that notice issued to you.
If you like my answer, please rate me.
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