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  1. Jan 4, 1991 · 139. Return of income. (1) Every person,— (a) being a company or a firm; or. (b) being a person other than a company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax,

  2. Section - 110. Determination of tax where total income includes income on which no tax is payable. Section - 115VF. Tonnage income. Section - 14A. Expenditure incurred in relation to income not includible in total income. Section - 115BBI. Specified income of certain institutions. Section - 4.

  3. May 23, 2024 · Section 139 (1) of the income tax act deals with the mandatory return policies while filing the Income Tax Return. The following entities are to file their tax return: Every person with a total income that exceeds the exemption limit has to furnish the income tax return within the defined due date.

  4. Apr 23, 2020 · SECTION 139 OF INCOME TAX ACT’1961. [AMENDED UPTO FINANCE ACT (NO.2) 2019] Ques 1: Why this post? Ans: In the approaching return filing season the aforesaid section namely ‘FILING OF RETURN’ has a great importance and that too w.r.t. amendments it contains till AY 2020-21 i.e. FY 19-20.

  5. Jan 24, 2024 · Section 139 of the Income Tax Act 1961, contains various provisions related to late filing of various income tax returns. If any individual or non-individual tax assessee has not filed tax returns within the specified deadline, Section 139 also features the guidelines to file delayed returns.

  6. Tax filing for professionals. Tax filing for traders. Launch your business. Services for businesses. Trademark. TDS returns. section 139 return of income income tax act 1961 1964.

  7. Dec 10, 2023 · Section 139(1) of the Income Tax Act lays down the basics of filing late returns for taxpayers who miss the prescribed deadline. It provides an alternative to rectify the non-submission of ITR. The section has various sub-sections to cover different areas of late ITR filing.

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