SECTION 139 OF INCOME TAX ACT 1961 [upto Finance Act(no.2) 2019]
SECTION 139 OF INCOME TAX ACT [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. Thus, the author has come up with the glance at the major provisions of this section with few clarifications. Ques 2: Is bird eye view of the section 139 possible? Ans: Attached image can be referred to for the bird–eye view of Section 139 of Income Tax Act 1961. It contains 19 subsections. Few of them are not in existence from the stated dates, thus ignored in our discussion. (Readers can refer bare act for their reference, author has tried to be precise) We will be restricting our discussion to only grey highlighted area. Ques 3: Who all have obligation to file return of income under section 139(1)? Ans: Assessee Covered Situation a)
