Max (Professional) (38 Points)
14 September 2010Can some one tell me for Notice issued under section 143 (2), what is the procedure.
The assessment is already done and refund issued. But there is a notice under section 143 (2) for AY 2009-10. If some part of income and loss has been missed in the calculation for this AY can a revised return be file after assessment is complete and a notice under 143(2) issued?
What is the process? Can these be carried forward to the next year?
M .K. Jha
(CA Final)
(484 Points)
Replied 14 September 2010
After the Assessment completion U/S 143 (2) no one can revised the return to claims refund or claiming of losses or carry forward...
Even the filling of return before due date.....
As Per Income Tax Act 1961, an assesse can claim Losses and carry forward if return filled U/s 139(1) due date of filling return.
Hi
(sdfs)
(21 Points)
Replied 15 September 2012
hi many ppl submit fake hra receipts .
In case if 143(2) is sent. what is the penalty one has to pay ? what procedure person has to undergo to pay penalty.
CAclubindia
