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Please help section 206ab belated return

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Ankush

Student

1374 Points Posted on 16 June 2021

whether provision will get attracted if belated return has already been filed at the time of submission of declaration as time limit mentioned is as per section 139(1)

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Quick Summary

This discussion addresses whether Section 206AB applies when a belated tax return is filed before a declaration is submitted. The consensus suggests that since the return has already been filed, even if late, Section 206AB should not be attracted. This implies that the time limit mentioned in Section 139(1) is the key factor.