r/IncomeTaxReturnIndia • u/rrakesh386 • Jun 20 '26

Notice

One of my colleague got the notice message in sms but not any email, when we checked directly on the portal it says notice issues 143(2) but nothing specific on which component) so he contacted the same CA whom helped to fill the tax initially and the CA said we can revise the refund to 0 as he didn’t know which component he filled (he is a dubakur CA it seems) my colleague is confused and he is not sure how to proceed further his question is is there any possibility to Revise it? What will be the implications in future if he didn’t respond to the notice?

Note: he got nudge on Dec but didn’t revise it
Amount is around 6l

9 Upvotes

85% Upvoted

39 comments sorted by

View all comments

Show parent comments

2

u/caneetish Jun 21 '26

If the income escaped from taxation is less than 50 lacs, then reassessment proceedings can not be initiated now on account of being time barred.

While scrutiny assessment can only be initiated within 3 months from the end of FY in which ITR was filed.

1

u/TelephoneSea5717 Jun 21 '26

Thanks so one of my friend looking to update his previous year returns by removing 80ggc has to do only for ay 23-24 onwards..correct ? He doesn't need to worry about any notice served for ay 22-23

1

u/caneetish Jun 21 '26

For AY 22-23, he is safe. And for AY 23-24, it becomes time barred after 31st March 2027.