Table of Contents:
·
1. Service of a
Notice [Section 142(1)] of Income Tax Act 1961.:
o
(a) Serve
a Notice under Section 142(1)(i)
o
(b) Serve a Notice under Section
142(1)(ii)
§
Only 3 years’ Books Of Account can be
Summoned:
o
(c) Serve a notice under section
142(1)(iii),
·
2. [Section
142(2)]- Make Inquiry by Assessing Officer:
·
3. Audit of Accounts [Sections
142(2A) to (2D)]:
o
Form and Time Limit for
Submission of Report [Section 142(2C) and Rule 14A]:
o
Audit Expenses [Section 142(2D)]:
·
4. [Section
142(3)]- Opportunity of being Heard by Assessing Officer:
·
5. Consequences
of Non-Compliance of Section 142(1) and Section 142(2A):
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