Regarding Time Limit of Rectification of Order
This query is : Resolved
26 March 2025
if order passed by AO, then what is time limit for rectification of such order?
26 March 2025
Under Section 154 of the Income Tax Act, 1961, the time limit for rectification of an order passed by the Assessing Officer (AO) is four years from the end of the financial year in which the order was passed.
If a rectification application is filed, the AO must dispose of it within six months from the end of the month in which the application was received.
If a rectification application is filed, the AO must dispose of it within six months from the end of the month in which the application was received.
28 March 2025
The time limit for rectification of an order passed by the Assessing Officer (AO) under Section 154 of the Income-tax Act is:
4 years from the end of the financial year in which the order sought to be rectified was passed.
Example:
If the AO passed an order on 15th October 2024, the rectification can be made up to 31st March 2029.
This rectification can be initiated either by:
1.The AO on his own,
2. Or on an application made by the assessee.
4 years from the end of the financial year in which the order sought to be rectified was passed.
Example:
If the AO passed an order on 15th October 2024, the rectification can be made up to 31st March 2029.
This rectification can be initiated either by:
1.The AO on his own,
2. Or on an application made by the assessee.
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