Return filing exemption for persons submitting prescribed statements was removed, eliminating a specific filing relief. Section 115L has been omitted; formerly it exempted persons who submitted a prescribed statement under the companion provision from the obligation to ... Summary
Return filing exemption for persons submitting prescribed statements was removed, eliminating a specific filing relief.
Section 115L has been omitted; formerly it exempted persons who submitted a prescribed statement under the companion provision from the obligation to furnish an income-tax return, subject to conditions in another related provision. The clause was introduced by a finance act amendment and subsequently repealed, removing that specific return-filing exemption.
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