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TMI BlogTime Limit to Audit u/s 65X X X X Extracts X X X X X X X X Extracts X X X X ..... Time Limit to Audit u/s 65 X X X X Extracts X X X X X X X X Extracts X X X X ..... what is the due date to conduct audit u/s 65? Reply By SOWMYA CA: The Reply: For audit u/s. 65, there is no due date to conduct the audit. The commissioner may suo moto authorize audit with 15 days ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notice to the assessee. The audit needs to complete within 3 months + an extended period of 6 months. After completion of audit, the department proceeds with issue of SCN u/s. 73 /74 as the case may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be. So essentially all proceedings will be completed by 3/5 years from the due date of annual return. In the instant case, the due date for 2017-18 was 7-Feb-2020 and all proceedings to be completed b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 6-Feb-2023 under s.73 or 6-Feb-2025 under s.74 Reply By KASTURI SETHI: The Reply: I agree with Madam SOWMYA CA. There is due date for issuance/service of demand SCN and not for audit. Accordingly, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the department plans schedule for audit of the units much before the due date of service of Demand-SCN so that the demand does not get time barred, if short levy/non-levy is detected. X X X X Extracts X X X X X X X X Extracts X X X X ..... Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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