What is the subject of section 264 of the Income-tax Act, 2025?
Question and options
What is the subject of section 264 of the Income-tax Act, 2025?
Filing returns through return preparers
Verification of the return of income
Belated and revised returns of income
Notice to furnish a return of income
Answer and explanation
Correct answer: A - Filing returns through return preparers
Section 264 lets the Central Board of Direct Taxes make and notify a scheme under which specified classes of persons may furnish their returns through authorised tax return preparers. Verification of returns is dealt with in section 265, belated and revised returns in section 263(4) and (5), and a notice to furnish a return in section 268(1)(a).
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