Tag: belated return 139(4)
Income tax prosecution u/s 276CC where assessee filed belated return under section 139(4) – Allahabad High Court admits application In a recent judgment, the Hon’ble Allahabad High Court has admitted an application contending that where assessee had filed return of income under Section 139(4) of the Income Tax …
Furnishing of return is complete for the purposes of Section 234A and Section 139 of the Act, the moment it is put in the course of transmission by way of uploading – ITAT ABCAUS Case Law Citation:ABCAUS 3660 (2023) (02) ITAT In the instant case, the assessee had …
CBDT extends deadlines of certain compliances by taxpayers deadlines to 31st May 2021 Circular No. 08/2021 F.N0.225/49/2021/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, Dated 30th April, 2021 Subject: Extension of time lines related to certain compliances by the Taxpayers under the Income-tax Act …
Time limit for filing belated and revised return reduced to three months – Budget 2021-22 Sub-sections (4) and (5) of section 139 of the Act contain provisions relating to the filing of belated and revised returns of income respectively. At present the belated or revised returns could be …
Extension of due date for furnishing belated and revised returns for AY 2019-20 to 30th November, 2020 F. No. 225/150/2020-ITA-IIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes***** North Block ITA-II DivisionNew Delhi, the 30th September, 2020 Order under Section 119(2)(a) of the Income-tax …
Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA – CBDT Clarification F.No. 173/193/2019-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, 23 April, 2019 To,The Pr. DGIT (Systems), New Delhi. Subject : Clarification with regard to the …
Exemption us 54F-if investment made before time allowed us 139(4) for filing of belated return. ITAT allowed exemption follwoing High Court judgments ABCAUS Case Law Citation: ABCAUS 1290 (2017) (07) ITAT The Issue: The only issue raised in the instant appeal was against denial of partial exemption u/s …
Capital gain deduction us 54 54F allowable for belated returns u/s 139(4). Value of stamp duty authorities us 50C(3) to be adopted if DVO value is more ABCAUS Case Law Citation:ABCAUS 1086 (2016) (12) ITAT Brief Facts of the Case:The assessee was an individual deriving income from business, …
Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments In order to rationalise the time allowed for filing of returns, completion of proceedings, and realization of revenue without undue compliance burden on the taxpayer, and to promote the culture of compliance, The Budget 2016-17 has proposed …
Time limit for filing belated income tax returns u/s 139(4) reduced by one assessment year-Budget-2016-17. Amendment applicable from AY 2017-18 onwards Time Limit for Filing belated return for AY 2016-17 is 31-03-2018 On the subject of last date for filing a valid return of income for AY 2016-17, …
