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<h1>Income-Tax Act Update: Section 139 Amended, New Filing Requirements for Educational Institutions Under Section 35 Introduced</h1> Section 139 of the Income-tax Act has been amended effective April 1, 2006. In sub-section (4C), clause (e) is revised to replace 'sub-clause (vi)' with 'sub-clause (iiiad) or sub-clause (vi)' and 'sub-clause (via)' with 'sub-clause (iiiae) or sub-clause (via).' A new sub-section (4D) is introduced, requiring universities, colleges, or institutions mentioned in section 35, sub-section (1), clauses (ii) and (iii), to file returns of income or loss annually, applying all relevant provisions of the Act as if it were a mandatory return under sub-section (1).