Kinds_of_Returns_Income_Tax_Act_1961.pptx

Original Return – s. 139(1)
Belated Return – s. 139(4)
Revised Return – s. 139(5)
Updated Return (ITR‑U) – s. 139(8A)
Return in response to notice – s. 142(1)
Return for reassessment – s. 148
Search-related returns – s. 153A
Defective Return (concept) – s. 139(9)

1. Kinds of Returns – Income-tax Act, 1961 Crisp, exam-ready overview with sections & timelines

2. Snapshot (What are the kinds?) Original Return – s. 139(1) Belated Return – s. 139(4) Revised Return – s. 139(5) Updated Return (ITR‑U) – s. 139(8A) Return in response to notice – s. 142(1) Return for reassessment – s. 148 Search-related returns – s. 153A Defective Return (concept) – s. 139(9)

3. Original & Belated Returns Original – s. 139(1): filed within due date (31 July/31 Oct/30 Nov, as applicable) Trigger: regular filing Consequence: full carry-forward benefits; lower risk of fee/interest Belated – s. 139(4): filed after due date but before prescribed last date Consequences: late fee u/s 234F; interest u/s 234A/B/C; restrictions on carry-forward of certain losses

4. Revised Return – s. 139(5) Purpose: correct omissions/mistakes in a filed return within permitted time Effect: supersedes the earlier return (latest valid return governs) Tip: keep audit trail of changes; ensure e-verification of revised return

5. Updated Return (ITR‑U) – s. 139(8A) Use: disclose additional income for earlier year(s) within statutory window Additional tax payable (illustratively 25%/50% of tax+interest based on how late) Exclusions apply (e.g., search cases, where it would reduce loss/refund, etc.) Objective: encourage voluntary compliance post-return window

6. Notice-driven & Search-related Returns s. 142(1): AO may require filing of a return/information – taxpayer must comply s. 148: reassessment – return filed after notice where income is believed to have escaped assessment s. 153A: search/requisition – fresh returns for specified earlier years after a search

7. Defective Return – s. 139(9) (Concept) A return with specified defects (e.g., missing annexures/data) can be treated as ‘defective’ Cure: taxpayer gets time to rectify; if not cured, return may be treated as invalid Practical tip: respond on portal within the time; keep acknowledgments

8. One-slide Recap – Kinds of Returns Original (on time) → Belated (late) → Revised (correct) → Updated (add income with extra tax) Notice returns: 142(1) (call for return/info), 148 (reassessment), 153A (search) Defective 139(9): curable defects – rectify promptly