Hi guys👋 in this blog let's see how the filing of returns works under section 139&140.
Mandatory filling of returns Section 139 in the case of individual fund if the total income before providing for detection capital gains exit the maximum amount not chargeable to tag in the case of company sun from mandatory filling of returns irrespective of operations if the total income exist the maximum amount not chargeable to tax  a return of income will be required to furnished return of income before the due date for filling the return in the following cases if the person has any asset located outside India this effectively means that if the person homes any movable or any movable property outside India foreign company any bank account or other asset outside India if the person has any financial interest in any entity in a foreign country this affectively means that if the person is her beneficiary in any specific or any dress he will have to file has return of income whether he has received any benefit from the trust or not if the person has singing authority in any account locate that outside India holds as a beneficial owner or otherwise any asset outside India and has singing authority in any account locator outside owner and individual who has provided direct or indirect consideration for the set for the immediate or future benefit direct or indirect of himself or any other person it means and individual who derives beneficial from the acid during the previous year in case of an entity where it is mandatory under any law in case of working partner in a firm which is subjected to audit under section for the 4 a b in any other cases on or before 31st of July after 11th assessment year in the first case it has to be filed before 31st October the power of extension lies with power can be utilised in parts also at the present due date for furnishing the return of income in the case of an associa beam a companies required to file a transfer price in report under section 92e 30th November it is now provided that the extended time limit up to November will apply to all SSC who or required to file transfer pricing report under section 92e this profession is effective from 2012 to 13 of assessment year. 
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