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A Section 148 reassessment notice is a reassessment or assessment done on a previously filed income tax return if it meets the conditions of an Income Escaping Assessment.

Check the reasons provided that have driven the Assessing Officer to issue a notice under Section 148. In case no reasons are provided, one can request the Assessing Officer to provide a copy of it. Once satisfied with the reasons provided by the said assessing officer, the taxpayer has to file ITR.

How to Respond to a Notice Under Section 148 of income tax act? If you receive a notice under Section 148 of income tax act, it is important to respond to it promptly. The taxpayer must reply to notice under section 148 within the specified time period which is usually 30 days of the date of its receipt.

Section 148 Notice is a notice issued by the income tax officer to reassess the taxpayer's income tax return (ITR) if they disagree with the taxpayer's assessment and believe that some income has not been properly assessed.

For AY 2021-22 and earlier assessment years, notice can be issued only within 6 years from the end of the relevant assessment year.

Section 148 of the Income Tax Act 1961 gives authority to the Assessing Officer to send notice to a taxpayer whose income has not been properly assessed.

When a notice under section 148 is received, the assessee is asked to file a return of the relevant assessment year. After filing the return, the assessee must ask for a copy of the reasons recorded for issuing a notice under section 148, after which they are permitted to file an objection to the issuance of notice.

Section 148 of the Income Tax Act 1961 empowers the Assessing Officer to issue a notice to a taxpayer whose income has escaped assessment. This means that if the Assessing Officer believes that a taxpayer has not disclosed their full income or has underreported it, they can initiate proceedings under this section.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232