Old provision up to the Assessment year:- Any person who has not filed his return within the time allowed us 139(1) he can file his return at any time before the expiry of one year from the end of the relevant assessment year or completion of the assessment whichever is earlier. New provision applicable from the assessment year:-
Any person who has not filed his return within the due date given under section 139(1) can file his return at any time before the end of the relevant assessment year or completion of the assessment whichever is earlier. That means the maximum time allowed under us 139(4) for filing the return of any previous year is up to the end of the relevant assessment year.
REVISE RETURN U/S 139(5)
Old provision up to assessment year:-Any person who filed his Return within the due date given under section 139(1) can be revised at any time before completion of one year from the end of the relevant assessment year or completion of the assessment whichever is earlier.
New provision applicable from assessment year:-Any person who filed his return either under section 139(1) or 139(4) can be filed revised return us 139(5) at any time before the end of the relevant assessment year or completion of the assessment whichever is earlier. So, according to the new provision applicable from A.Y. Maximum Time Limit for filling the Original Return is up to the end of the Assessment Year, and similarly, Revised return can be filed up to the end of the Re