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of <h1>Finance Bill 2016 amends Income-tax Act section 139; key changes to filing and revising tax returns.</h1> Clause 65 of the Finance Bill, 2016, amends section 139 of the Income-tax Act. Key changes include the substitution of provisions in sub-sections (1), (4), (5), and (9), effective April 1, 2017. Sub-section (1) now requires individuals with income under section 10(38) to file returns if their income exceeds the non-taxable limit. Sub-section (4) allows late returns before the end of the assessment year or assessment completion. Sub-section (5) permits revised returns within a year of the assessment year's end. Clause (aa) in sub-section (9) is removed, and sub-section (3) is amended to include section 73A(2), effective April 1, 2016.
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