TīmeklisPirms 2 dienām · After filing a return of income u/s 139(1), 139(4), 139(5), 142(1) if income tax authority considers, it is necessary or expedient to ensure that assessee has not understated the income or has not computed excessive loss or has not under-paid the taxes in any manner, shall serve on the assessee a notice requiring him, on a … Tīmeklis2024. gada 6. apr. · A5 Select yes if you filed the return previously for the assessment year. A6 If yes, look at the ITR acknowledgement (“Filed u/s”) to figure out if it was …
Section 139(4) and 139(5) – Time limit for filing belated return …
Tīmeklis2024. gada 11. febr. · What is Revised return u/s [139 (5)] ? Income Tax Return to be filed in response to a notice or a defective original return. Revised return can’t be filed in case of a belated return, which is filed for the same Assessment Year (for example revised return for FY 2024-22 should be filed on or before 31st Dec 2024). TīmeklisSection 139 (4) states that any taxpayer can file belated returns within a period of one year from the end of the relevant assessment year or prior to the conclusion of the assessment (whichever is earlier). Income Tax authorities provide you with a … funeral directors wroughton
Section 139(4) of the Income Tax Act - bajajfinservmarkets.in
Tīmeklis2024. gada 12. jūl. · As per Section 139 (5): a revised return may be filed by the assessee at any time before the end of the relevant assessment year or before the … Tīmeklis2024. gada 1. marts · If assessee failed to furnish return of income within due date as prescribed in section 139 (1) then he is required to pay penalty as follows:- Rs. 5000 if return is furnished on or before 31 December ( extended to 31st January 2024 for FY 20-21 i.e. AY 21-2 2) of assessment year. Rs. 10,000 in any other case. Tīmeklis2024. gada 8. jūl. · 1) Revised Return: Filed u/s 139 (5) by assessee itself on suo moto basis for revising return in case of any omission or wrong statement filed earlier in ROI u/s 139 (1), 139 (3) or 139 (4). Time Limit is upto end of relevant assessment year. 2) Rectified Return: Filed in response of intimation by AO of the Defective Return u/s … funeral directors wodonga