What is defective return U/s 285BA of I.T. Act 1961?
What is defective return U/s 285BA of I.T. Act 1961?
Prabeer (B. COM (H) CA & CS Final) (5484 Points)
10 December 2009
Mayur Varshney
(Chaupat Raja)
(85 Points)
Replied 10 December 2009
Basically,an incomplete return is a defective return......u/s section 139(9).The same logic should probably apply in relation to return covered u/s 285ba.
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 10 December 2009
Section 139(9) applies to I.T. Returns, but Sec 285BA applies to Annual Information returns(AIR).
Pls don't use words like 'probable' for I.T. purposes.
Mayur Varshney
(Chaupat Raja)
(85 Points)
Replied 10 December 2009
But both are returns and both are required to be furnished to the income tax department...I was making an honest guess,as simple as that.
Mayur Varshney
(Chaupat Raja)
(85 Points)
Replied 10 December 2009
And I do think that the logic of section 139(9) can be applied to the AIR because the return of income filed under section 139(1) is the 'baap' of all the returns which are required to be filed under the income tax act.
Mayur Varshney
(Chaupat Raja)
(85 Points)
Replied 10 December 2009
| Originally posted by :Þräßéêr | ||
| " | Section 139(9) applies to I.T. Returns, but Sec 285BA applies to Annual Information returns(AIR). Pls don't use words like 'probable' for I.T. purposes. |
" |
...and I am honestly eager to know the meaning of 'income tax returns'.
CAclubindia
