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Belated return under Section 139(4) can be filed before:
A6 months from due date (per relevant Section)
BEnd of AY
C31 December of AY or completion of assessment, earlier
D1 year from due date
Answer & Solution
Correct answer: C. 31 December of AY or completion of assessment, earlier
1. Section 139(4) allows belated return after due date.
2. Filed before 31 December of AY or completion of assessment — whichever EARLIER.
3. Can be revised under 139(5); losses (other than HP) cannot be carried forward.
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
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