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Assessment and audit

08 March 2023

Is there any time limit for doing assessment or audit for any particular year. For example assessment or audit notice for fy 2019-20 can be given till which year/period

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5128 Points)
Replied 08 March 2023

Time limit for completion of assessment and reassessments. (c) the expiry of one year from the date of the filing of a return or a revised return under sub-section (4) or sub-section (5) of section 139, whichever is latest.