i m received notice u/s 142(1)(ii) for my NGO
what says this section plz help
thnks
11 Replies
chippy
(Chartered Accountant)
(79 Points)
Replied 01 December 2011
This requires you to produce the documents or accounts as required by the assessing officer for scrutiny of your return..
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 01 December 2011
Agree with chippy...you are required to produce documents specified in notice
Sudhanshu Prajapati
(Article)
(981 Points)
Replied 01 December 2011
thnks friends
and office bearer means
Sudhanshu Prajapati
(Article)
(981 Points)
Replied 01 December 2011
thnks friends
and tell me who is the office bearer in ngo
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 01 December 2011
office bearer means who occupy the position of chairman/president or who has power to execute the documents of NGO by affixing signature(Power of attorney)
Sudhanshu Prajapati
(Article)
(981 Points)
Replied 01 December 2011
what is the time limit for AO for issue of notice u/s 142(1)(ii)
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 01 December 2011
for defeat the tribunal decision in case of motorola Inc...finance act 2006 introduce amendment with retrospectively effect states that "The notice u/s 142(1) can be issued even after the end of the relevant assessment year .
analysis of amendment-
1.notice u/s 142)1) can be issued only after the due date mentioned in sec 139(1).
2.notice u/s 142(1) can be issued even after the end of the relevant assessment year.
so there are no limit for AO to issue notice u/s 142(1)
3. another thing is that Ao can demand the books of relating to period more than three year prior to the previous year
Sudhanshu Prajapati
(Article)
(981 Points)
Replied 01 December 2011
plz give me source/link for reding about sec. 142 and 143
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 01 December 2011
visit below link and insert sec no
https://law.incometaxindia.gov.in/DIT/Income-tax-acts.aspx
Sudhanshu Prajapati
(Article)
(981 Points)
Replied 10 January 2012
if we received Notice u/s 142(1)(ii) for the F.Y:- 2008-09
then the AO have power to again make notice for scrutiny of the 2009-10, 2010-11
Sudhanshu Prajapati
(Article)
(981 Points)
Replied 10 January 2012
if we received Notice u/s 142(1)(ii) for the F.Y:- 2008-09
then the AO have power to again make notice for scrutiny of the 2009-10, 2010-11
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