Section 139(4) and (5)
This query is : Resolved
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
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.
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.
Message likes :
2 times
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
