Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×
Home > Experts > Income Tax > Section 139(4) and (5)


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Section 139(4) and (5) (Income Tax)

Report Abuse
This query is : Resolved



( Author )
04 March 2009

As Per Section 139(4)& (5) Belated Return and Revised Return can be filed latest by end of one year from the Relevant AY but if one has not filed the Return within this period than can he file Return beyond this date if yes under which section


CA Tirth Ajani

( Expert )
05 March 2009

yes it can b filled. but consequences of late submission will be:

liable of penalty interest US 234B.

penalty of Rs. 5000 may be imposed US 271F.

IF return of loss than loss can not be carried forward.

Deduction US 10A 10B 80IA 80IAB 80IB and 80IC is not available.

and if a return is filed after the completion of assessment but before service of demand notice than such return is not a valid return.



Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top