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Max. time limit to issue intimation u/s 143 (1)

Nehal Shah (Student CA Final ) (29 Points)

12 October 2014

As per Income tax Act 1961 as amended till date what is the maximum time limit to issue intimation u/s 143(1) in the following situation

Due date:31/7/04

Original Return filed : 31/7/04

Revised Return :31/3/06

For filing a revised return the maximum time limit was 31/3/06 and as per the above details assessee has file the revised return in prescribed time limit.What is the maximum time limit for issuing intimation u/s 143(1), whetherr the time limit is calculated from the original return date or revised return date?

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Kishor Bhat (CA final CS executive (from Bangalore)) (1881 Points)
Replied 13 October 2014

It depends on circumstances of the each case on wch date they are filing the revise return. Here, am answering in accordance with ur data. Tell me whats the time limit for sending the intimation u/s 143(1) by the department..i,e 1 year from the end of the financial year in which the return is filed..i.e in ur case due date for intimation is 31.3.2006. Of course, within this date assessee will receive intimation u/s 143(1) for the original return filed. Later, he files revise return means once again he receives intimation u/s 143(1) for the revise return. In ur present case, question of from which return we have to calculate time limit for intimation does not arise at all.