TMI BlogReturn of Income - Who is required to file ITR and when?X X X X Extracts X X X X X X X X Extracts X X X X ..... to furnish a return and who at any time during the previous year holds, as a beneficial owner any asset (including financial interest) located outside India or has signing authority in any account outside India or is a beneficiary of any asset (including financial interest) located outside India, shall furnish, on or before the due date, a return in respect of his income or loss Every person being - Individual HUF AOP or BOI or an artificial juridicial person if his total income without giving effect to provisions of section 10(38) , 10A , 10B or 10BA or provisions of Chapter VIA (deductions u/s 80C to 80U ) or before claiming exemption u/s 54 , 54B , 54D , 54EC , 54F , 54G , 54GA , 54GB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... come only from Specified fund referred u/s 10(4D) provisions of obtain PAN not applicable for such assessee. NR, being an eligible foreign investor having income only from transfer of capital asset referred to in section 47(viiab) of the said Act, which are listed on a recognised stock exchange located in IFSC and the consideration is paid or payable in foreign currency provisions of obtain PAN not applicable for such asessee. Belated Return Any person who has not furnished a return within the time allowed to him under section 139(1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. [ Section 139(4) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [sec. 139(4C)(e)] If income without giving exemption u/s 10 exceeds the exemption limit. Hospital/other institution existing solely for medical purposes and not for the purpose of profit if the aggregate annual receipt does not exceed ₹ 1 crore [ sec. 139(4C)(e) ] If income without giving exemption under section 10 exceeds the exemption limit. Any body or authority or board or trust referred u/s 10(46) [sec. 139(4C)(g)] If income without giving exemption under section 10 exceeds the exemption limit. Infrastructure debt fund referred u/s 10(47) [sec. 139(4C)(h)] If income without giving exemption und ..... X X X X Extracts X X X X X X X X Extracts X X X X
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