siddharth bodas (CA in practice) (159 Points)
18 December 2012What is the last date for completion of assessment proceedings for AY 2010-11 is it 31st Dec 2012 or 31st March 2013.
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 18 December 2012
As per section 153 (time limits), Asssessment under section 143 or 144 shall be completed with 21 months from the ned of relevant AY. It mean that or AY 2010-11 the date is 31st dec, 2012
But as ammended by Finance act - 12, the limit is increased to 3 months so march 2012 would be the cut off
Amit Kumar Verma
(CA Final CS Professional)
(501 Points)
Replied 18 December 2012
As per amendment brought in by Finance Act, 2012, the time limit of completion of assessments has been increased by 3 months.
Therefore it will be 31st March, 2013.
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 18 December 2012
yes time limit for the completion of assessments has been increased by 3 month ( amended by finance 2012)
CAclubindia
