Section-139(4C) : Income Tax Return of Persons Claiming Exemption under Section 10

The following assessees shall now be required to file return of income in Form No. ITR-7 if the total income, without giving effect to the provisions of section 10, exceeds the maximum amount not chargeable to tax. Such return shall be filed in the same way as if it were a return required to be furnished under section 139(1).

The assessees required to file return under these provisions are as under:

(a) research association referred to in section 10(21);

(b) news agency referred to in section 10(22B);

(c) association or institution referred to in section 10(23A);

(d) institution referred to in section 10(238);

(e) fund or institution referred to in sub-clause (iv) or trust or institution referred to in sub-clause (v) or any university or other educational institution referred to in sub-clause (vi) or any hospital or other medical institution referred to section 10(23C) in sub-clause(via);

(ea)      Mutual Fund referred to in clause (23D) of section 10;

(eb)      securitisation trust referred to in clause (23DA) of section 10;

(ec)      venture capital company or venture capital fund referred to in clause (23FB) of section 10;

    (f) trade union association referred to in sub-clause (a) or (b) of section 10(24).

    (g) body or authority or Board or Trust or commission (by whatever name called) referred to in clause (46) of section 10;

    (h) infrastructure debt fund referred to in clause (47) of section 10;

Sec. 143(3) : Scrutiny Assessments by Income Tax Department
“Penalties” Under Income Tax Act. 1956
How is a Search Operation Conducted by Income Tax Department ?
Surveys for Checking Ostentatious Expenditure
Surveys for Enforcing Compliance with Provisions of TDS
“Summon” U/s 131 of Income Tax Act.
Investigation by Income Tax Department:
Appellate Authorities of Income Tax Department
Power to Call for Information U/s Sec. 133(6) of Income Tax Act.
Specific Surveys U/s 133A(1) of Income Tax Act.
Types Of Income Subject To TDS [Deduction Of Tax At Source]
Pre-Requisite For Claiming Income Tax Refund
Benefits of Filing Income Tax Returnsn
Section-139(9): Defective Tax Return
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