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

Return under Section 139(4c) includes institutions that are compulsorily required to file tax return if the amount accumulated by the institution exceeds the maximum allowable limit of exemption. This excludes other exemption benefits enjoyed by the institution. Such return shall be filed in the same way as if it were a return required to be furnished under section 139(1)

Return under Section 139(4C) is required to be filed by :

  1. Research Association referred to in section 10(21);

  2. News Agency referred to in section 10(22B);

  3. Association Or Institution referred to in section 10(23A);

  4. Institution referred to in section 10(238);

  5. 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);

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

    2. Securitisation Trust referred to in clause (23DA) of section 10;

    3. Venture Capital Company or Venture Capital Fund referred to in clause (23FB) of section 10;

  6. Trade Union Association referred to in sub-clause (a) or (b) of section 10(24).

  7. Body Or Authority Or Board Or Trust Or Commission (by whatever name called) referred to in clause (46) of section 10;

  8. Infrastructure Debt Fund referred to in clause (47) of section 10;

The institutions that come under Section 139(4c) intend to claim tax exemptions as per the following clauses under of Section 10:

Clauses are: 21, 22B, 23A, 23C, 23D, 23DA, 23FB, 24, 46 and 47.

 
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