What is a return filed under section 263(4) after missing the original due date called?
Question and options
What is a return filed under section 263(4) after missing the original due date called?
Verification of Return
Defective return
Belated return
Revised Return
Answer and explanation
Correct answer: C - Belated return
Section 263(4) of the Income-tax Act, 2025 lets a person who has not filed within the time allowed under section 263(1) furnish the return later within the permitted period, which is known as 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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