CA Devesh Thakur (CA ) (303 Points)
04 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 04 April 2017
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.
CA Devesh Thakur
(CA )
(303 Points)
Replied 08 April 2017
Thanks Dhirajlal Rambhia,
Is there any specific format for filing ITR u/s 148 or reply to notice u/s148. If you have any format for the same can you plz share me at cadevesh @ hotmail.com
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 08 April 2017
Refer: 1. /share_files/letter-to-ito-acit-dcit-against-notice-sec-148-sec-143-1--55546.asp
2. https://www.amitassociates.co.in/how-to-respond-to-re-assessment-notice-issued-under-section-148/
May modify as per exact requirement. Good Luck.
CA Devesh Thakur
(CA )
(303 Points)
Replied 13 April 2017
Dear Sir,
Is seperate return filing u/s 148 is mandatory or a letter stating treating the original return as return filed u/s 148 is sufficient.
Regards
CAclubindia
