ABC Limited has filed its return of income for A.Y. 2018-19 as per section 139(1) but had failed to make the payment of tax on the returned income as per section 140A. The return so filed by ABC Limited shall be treated

CS Executive · Tax Laws and Practice · PYQS · June 2018
ABC Limited has filed its return of income for A.Y. 2018-19 as per section 139(1) but had failed to make the payment of tax on the returned income as per section 140A. The return so filed by ABC Limited shall be treated as:
(A) A defective return u/s 139(9)
(B) A valid return
(C) A non-est return
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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