Gangotri Files Ltd. filed its return of income for the assessment year 2024-25, on 15th December 2024. On 2nd March, 2025, the accountant of Gangotri Files Ltd. realised that he had forgotten to claim a genuine business

Answer 4(a) The due date of filing return of income of Gangotri Files Limited for the assessment year 2024-25 is 31st October, 2024 since it is a company. However, it filed its return of income on 15.12.2024, which is a belated return. If any omission is discovered even in a belated return, the same can also be revised up to 31.12.2024 being the date 3 months prior to the end of the relevant assessment year i.e. 31.03.2025 or completion of assessment, whichever is earlier. However, it cannot file a revised return on 02.03.2025 since it is beyond 31.12.2024. Hence, the action of accountant of Gangotri Files Limited is not valid.