Section 139 (Return Filing)
Definition
The provision governing the obligation and due dates for filing income-tax returns in India, including who must file, belated returns, revised returns and updated returns, each with its own time limits and conditions.
Related Terms in India GST
Belated Return
An income-tax return filed after the original due date but within the extended limit allowed by law in India. A late-filing fee and interest may apply, and some losses cannot be carried forward if the return is belated.
Revised Return
A return filed to correct an error or omission in an income-tax return already submitted, within the time limit allowed. It replaces the original return for the year.
Updated Return (ITR-U)
A facility allowing Indian taxpayers to file or correct a return for a past year beyond the normal revision window, generally on payment of additional tax. It cannot be used to reduce tax or claim a refund.
Self-Assessment Tax
The balance of income tax a taxpayer pays on their own computation before filing the return, after accounting for TDS, TCS and advance tax already paid. Interest may apply on amounts not covered by advance tax.
Stop memorising terms — let HelloBooks do the work
AI-assisted bookkeeping that handles invoicing, GST, reconciliations, and reports automatically. Free to start.