Return filing
This query is : Open
01 May 2014
if income is below taxable before any deduction under act.
What is the time limit to file return of income.
My income is 82400 for the A.Y.2011-12
Whether i can file return on 01-05-2014 or not.
If not then which section denies it.
What is the time limit to file return of income.
My income is 82400 for the A.Y.2011-12
Whether i can file return on 01-05-2014 or not.
If not then which section denies it.
01 May 2014
the time limit for filing returns remain same for all (except for due date under 139(1))
with regards to AY 2011-12, return cannot be filed now. it is time barred under 139(5).
with regards to AY 2011-12, return cannot be filed now. it is time barred under 139(5).
01 May 2014
Sec 139(5) is of revise return
Time limit under 139(1) is for person having income above exemption limit
Time limit under 139(1) is for person having income above exemption limit
01 May 2014
not exactly. the time limit is same for all the assessees as prescribed under 139(1) for in-time return. I mentioned 139(5) wrongly...I meant 139(4), which is for belated return.
what 139(1) says is that an individual is not required to file return if income is below exempted limit. but if you want to file the return, it has to be filed within the limits set in section 139.
what 139(1) says is that an individual is not required to file return if income is below exempted limit. but if you want to file the return, it has to be filed within the limits set in section 139.
02 May 2014
Dear Sir
Why we assume it in this way,we cannt say tht there is no time limit specified for below taxable income return.
Why we assume it in this way,we cannt say tht there is no time limit specified for below taxable income return.
02 May 2014
to that, its a simple way....lets say you believe that 139(1) doesn't apply to you as your income is less than the exempted limit. Ok, now tell me under which section you want to file the return as, according to you, 139(1) applies to only those who have taxable income and you don't have it?
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02 May 2014
Since no section govern this case so we Should file it under 139(1) Filing of return of income but we have no time limit, bcoz time limit applicable only person having higher income.
No Clear section in this case can give benefit to assesse.
No Clear section in this case can give benefit to assesse.
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