Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns
February 1, 2017
Budget 2017-18, Income Tax
Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns Budget 2017-18 : Rationalisation of time limits for completion of assessment, reassessment and re-computation and reducing the time for filing revised return The existing provisions of section 153 specify …