FAST TRACK --- RETURN OF INCOME
REVISION TIME
| SECTION | PARTICULARS | PROVISIONS |
| 139(1) | Who should File Return |
GTI+10A+10AA+10B+10BA > Basic Exemption
irrespective of whether it has earned any income or loss |
|
Explanation to sec. 139(1) |
Due Date of Filing of ROI |
|
| 139(1A) | Salaried employees may file return through Employer | Eligible employees may furnish his return of income to his eligible employer, who will transcribe the data of such returns on computer readable media using an authorised Bulk Return Preparation Software(BRPS) and shall furnish these returns to the AO by the due date...A return filid u/s 139(1A) is treated to be filed u/s 139(1). |
| 139(1B) | Filing or returns in electronic format |
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). |
| 139(3) | Return of Loss |
if return of loss is not filed in time following loss cannot be c/f :-
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). |
| 139(4) | Belated Return |
|
| 139(5) | Revised Return |
|
| 139(9) | defective Return |
|
| 139(1A) | PAN |
|
| 140 | Signing or Return | Ind - himself; HUF - Karta; Company - MD; Firm - MD; Local authority - principal officer; Political party - CEO; AOP - principal officer. |
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