Time limit
Vatsal Shah (38 Points)
15 August 2017
What is the time limit for issue of notice u/s 142(1)(i)?
Vatsal Shah (38 Points)
15 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170798 Points)
Replied 15 August 2017
Notice u/s 142(1) can be given requiring reason for non-filing of return/ explanation for transaction without any time limit if the return is not filed within the time limit given u/s 139(1) or before the end of the assessment year.
THERE IS NO TIME LIMIT for that.
AO first issues a notice U/s 143(2) with in 6 months from the end of the financial year in which the return is furnished.
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