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of <h1>Income Tax Bill 2025: Clause 282 Sets Time Limits for Notices on Escaped Income Under Sections 280 and 281</h1> Clause 282 of the Income Tax Bill, 2025, establishes time limits for issuing notices under sections 280 and 281 concerning income escaping assessment. For section 280, notices cannot be issued if more than four years and three months have passed since the relevant tax year, unless the escaped income is at least fifty lakh rupees, in which case the limit extends to six years and three months. For section 281, the time limit is four years unless the escaped income is fifty lakh rupees or more, extending the limit to six years. Additionally, no notices under these sections can be issued within one year of the tax year's end.
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