Amended sec.139(4) and 139(5)

Hello,

Regarding Section 139(5) Revised rEturn, the section is amended and has expanded its applicability to Section 139(4) i.e Belated Return. Section 139(4) Belated return covers Return u/s 139(1) and return u/s 142(1), so it means that now return filed as belated return whether u/s 139(1) or 142(1) can be revised.

Regarding Section 139(4), in case of belated return for 139(1), it says that return to be filed before end of A.Y or end of assesment whichever is earlier, in this case it can be taken as implied that assessment will begin after issuing 142(1) and so the said limit even applies to belated return for 142(1)

yes, it wil be covered