Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments
March 6, 2016
Income Tax
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 …