Business Trusts Must File Annual Income or Loss Returns Under Section 139(4E) of the Income Tax Act
Under Section 139(4E) of the Income Tax Act, every business trust must file a return of income or loss annually, even if not required under other provisions. This requirement ensures compliance with the Act, treating the return as if it were mandated under Section 139(1). This provision enforces the compulsory filing of returns by business trusts, aligning them with general income tax filing obligations.