• Indvidual / HUf :-

GTI+10A+10AA+10B+10BA > Basic Exemption

• Company or Firm :-

irrespective of whether it has earned any income or loss

• Company :- 30th sept. of relevant A.Y.
• Audit under any LAW:- 30th sept. of relevant A.Y.
• Working Partner of a Firm whose a/c are audited :- 30th sept. of relevant A.Y.
• Others :- 31st July of relevant A.Y.

Any person liable to furnish return may opt to file it in electronic format as per notified scheme...

A return filid u/s 139(1B) is treated to be filed u/s 139(1).

if return of loss is not filed in time following loss cannot be c/f :-

• Business loss
• Speculation loss
• Capital loss
• owning & mainanting race horses...
  

Imp. Note :-

HP loss nd Unabsorbed Dep. can be c/f nd set off  even if the loss return is filed after the due date u/s 139(1).

• By 1 yr. from the end of relevant A.Y or before assessment (earlier).
• Consequences :- Interest, Penalty...
• A loss return must not be a belated return

• By 1 yr. from the end of relevant A.Y or before assessment (earlier).
• Substitutes Original ROI
• Can be Further Revised
• Belated return can not be revised

• Annexure, audit report, TDS proof, advance tax & self assessment chalan,  not furnished.
• 15 days notice for rectification of defect
• Not rectified - Invalid return

• TI>basic exemption
• Trrnover>5,00,000
• Charitable Trust
• Return of Fringe benefits, etc.