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?
Message likes :
1 times
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Make-up ITC- Eligibility
- GST registration /aadion a new place of business in the same state and city
- Overtime income in salaried person case
- GTA (FCM & RCM) service in same GSTN registration with multiple business segment
- RCM invoice related QRMP
- Preparation of PL BS and presentation in ITR
- CSR Applicability FY 2425
- RCM on rent for employee accommodation
- Regarding Trading & Investment in Shares and MF in the context of Income tax return
- Company Profile Writing services in dubai
- Gst registration FY 2024-25
- Delay in filing Form 10 of a trust for asst year 23-24
- Form G for capital gain account closure
- AMENDMENT OF GSTR-1 B2B
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
