section 201, section 220, section 221

[Guest]

plzzzz tell me about these sections as i m totally confused regarding the time limits for order under section 201(1)

[ROHAN THAKKAR]

Dear Sumit,

 

Please state clearly as to of which law you need information / explanation.

[Mahir S]

Sir, I guess the said section refers to the Income Tax Act, 1961..

Sub section (3) ans (4) of section 201 explains the time limit for the order to be passed under the said section......

[Guest]

actually i was totally confudes betwen the time limits for order passing under section 201(1)... and at the same time, i was confused between under which section penalty is levied and for what amount.? under which section intt is levied? and cases for which limit is 2 years and cases for which limit is 4 years.. i dont have any satisfactory answer from any1.plzz help me

AI Summary

Time limits for orders under section 201 focus on subsections 3 and 4 governing applicable limitation periods. The querist seeks clarification under the Income Tax Act about the limitation period for passing an order under the provision for recovery from persons required to deduct tax at source, whether different cases attract two year or four year limitation periods, and which statutory provisions prescribe penalty and interest; a respondent indicates subsections addressing time limits govern orders under that provision.