Reassessment Calendar February 2024. The finance act, 2021 amended the procedure for assessment or reassessment of income in the act with. A circular issued by the ministry of personnel, public grievances and pensions has declared 17 gazetted holidays and 31.
Time limit for reassessment is proposed to be reduced from ten years to five years. Assessment can be reopened beyond three years upto five years from the end of assessment year only if the escaped income is โน.