TYPES OF RETURN FILING IN INCOME TAX AND ITS DUE DATES
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
- Return of income under Section 139(1): This is the most common type of return filed by individuals, HUFs, and other entities, whose income exceeds the basic exemption limit. DUE DATE – July 31st of the assessment year.
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
- Return of income under Section 139(4): This type of return is filed by individuals and HUFs who have not filed their return within the due date specified under section 139(1) but wish to file a belated return. DUE DATE– December 31st of the assessment year.
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
- Return of income under Section 139(5): This type of return is filed by individuals and HUFs who have filed their return within the due date specified under section 139(1) but later discover that they have made some errors or omissions in their original return. DUE DATE – before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
- Return of income under Section 139(9): This type of return is filed by individuals and HUFs whose return has been processed under section 143(1), but they want to revise their return. DUE DATE – before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
- Return of income under Section 139(3): This type of return is filed by entities such as companies, firms, and LLPs. DUE DATE – September 30th of the assessment year.
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
[SACHIN EDUCATION HUB NOTES – SACHIN ARORA]
COPYRIGHTED BY SACHIN ARORA [OWNER OF SACHIN EDUCATION HUB]
