Wishing you a Happy and Prosperous New Financial Year! ??
As we step into FY 2025–26 with fresh goals and renewed optimism, here’s a gentle compliance-flavored reminder for all the tax minds out there:
?️ Today, all Income Tax matters/transactions up to 31st March 2019 (AY 2019–20) are now officially barred by limitation — unless, of course, the proceedings were already in motion.
⏳ That’s right, the 5-year window for reopening assessments has closed its shutters!
So while we welcome new beginnings, let's also wave goodbye to a few old files. ?
Here’s to cleaner books, timely filings, and smarter planning ahead!