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A person misses the due date and then furnishes his return under section 263(4) of the Income-tax Act, 2025. What is such a return called?

Question and options

A person misses the due date and then furnishes his return under section 263(4) of the Income-tax Act, 2025. What is such a return called?

  1. A revised return

  2. A return of loss

  3. A defective return

  4. A belated return

Answer and explanation

Correct answer: D - A belated return

Section 263(4) lets a person who has not furnished a return within the time allowed by section 263(1) furnish it later, within nine months from the end of the tax year or before completion of the assessment, whichever is earlier; this is a belated return. A revised return under section 263(5) corrects an omission or wrong statement in a return already filed.

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