Tag Archives: Section 139(5)

Time limits for completion of Income Tax Assessment after Finance Bill 2017

By | February 18, 2017

Time limits for completion of Income Tax Assessment As per Finance Bill 2017 Table of Time limits for completion of Income Tax Assessment Section Particulars Applicable from Time limit 139(5) Time limit for furnishing revised return Assessment year 2018- 19 and onwards Up to the end of the relevant assessment year or before the completion of… Read More »

Now Belated return can also be Revised

By | March 6, 2016

Finance Bill 2016 Revision of Belated Return Relevant extract of proposed amendment in section 139(5) is as follow :- It is also proposed to substitute sub-section (5) of the aforesaid section so as to provide that if any person, having furnished  a return under sub-section (1) or under sub-section (4), or in a return furnished… Read More »