Section 139(4)???

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manoj

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12 September 2014 what is Sec 139(4)???? pls help

CA VISHWAKEERTHI.P.S.

CA VISHWAKEERTHI.P.S. (Expert)
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12 September 2014 139(4) - Belated return

I.e., When person who had not furnished the return of income within the time allowed u/s 139(1) or response to a notice issued u/s 142(1)

Time limit to file return U/s 139(4):
i) Expiry of one year from the end of the relevant assessment year "or"
ii) Completion of assessment

Which ever is earlier

Return filed after date of belated period mentioned u/s 139(4) treated as invalid .

if allowed beyond extended period penalty u/s 271(1)(a) attracted

Vide - Amin chand payarelal vs. ACIT 285 ITR 546 (SC)