SEO Sai Gr. Hosp.
210818 Points
Joined July 2016
YES.
Time Limit for Issuing of notice u/s 148:
Section 149 provides that notice u/s 148 can be issued within 4 years from the end of relevant assessment year if the income escaped does not exceed one lac Rs.
If the income escaped is Rs. one lac or more the notice u/s 148 can be issued within 6 years from the end of relevant assessment year subject to the provisions of section 151.