Deduction u/s 54(2) – The date of filing the return u/s.139 of ...

Income Tax

November 4, 2013

Deduction u/s 54(2) – The date of filing the return u/s.139 of the Act has wide scope - The return can be filed u/s.139(1) or u/s.139(4) of the Act - Both the returns i.e. either filed u/s.139(1) or u/s.139(4) of the Act were legally valid and accepted returns - There was no difference between these two returns (except for charging interest u/s 234B and allowing certain deductions or carrying forward of losses) - AT

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Deduction u/s 54(2) – The date of filing the return u/s.139 of ...

Income Tax

November 4, 2013

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