Section 139 ITA 1961 prescribes DUE DATE for filing RETURN OF INCOME:

Question

Accepted Answer

A. 31st JULY of the assessment year for non-audit cases; 31st OCTOBER for cases requiring AUDIT (Sec 44AB); 30th NOVEMBER for cases requiring TRANSFER PRICING report

1. Section 139(1) Income Tax Act 1961 prescribes due dates for filing RETURN OF INCOME:
2. (a) NORMAL: 31st JULY of the assessment year (for individuals not subject to audit);
3. (b) AUDIT: 31st OCTOBER of the assessment year (for businesses requiring audit under Section 44AB — turnover > Rs 1 crore for businesses, > Rs 50 lakh for professionals);
4. (c) TRANSFER PRICING: 30th NOVEMBER of the assessment year (for companies with international transactions);
5. (d) COMPANIES: 31st OCTOBER (audit required).
6. Section 139(4) — BELATED RETURN — until 31 December of AY.
7. Section 139(5) — REVISED RETURN — until 31 December of AY.
8. Section 139(8A) — UPDATED RETURN (introduced Budget 2022) — within 2 years from end of AY, additional tax 25-50%.
9. Hence option B is correct.
_Source: CS Executive Paper 4 Tax Laws (ICSI BoS) + Income Tax Act 1961 + CGST Act 2017 — Income Tax Act 1961, Section 139_

Answer

always 31 March (cf. Income Tax Act 1961, Section 139) (cf. Income Tax Act 1961, Section 139) (cf. Income Tax Act 1961, Section 139)

Answer

always 30 June (cf. Income Tax Act 1961, Section 139) (cf. Income Tax Act 1961, Section 139) (cf. Income Tax Act 1961, Section 139)

Answer

always 30 September (cf. Income Tax Act 1961, Section 139) (cf. Income Tax Act 1961, Section 139) (cf. Income Tax Act 1961, Section 139)