Amendment of section 263.

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.... such partner (if section 10 applies to such spouse). Where the provisions of section 172 apply. 30th November. 2. (i) Company; Where the provisions of section 172 do not apply. 31st October. (ii) Assessee (other than a company) whose accounts are required to be audited under this Act or under any other law in force; (iii) partner of a firm whose accounts are required to be audited under this Act or under any other law in force; or the spouse of such partner (if section 10 applies to such spouse). 3. (i) Assessee having income from profits and gains of business or profession whose accounts are not required to be audited under this Act or under any other law in force; Where the provisions of section 172 do no....

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....any other manner;"; (ii) in clause (c),-- (A) in sub-clause (i), after the words "tax year", the words, brackets, figures and letter "except in a case referred to in sub-section (6) (b) (i)" shall be inserted; (B) in sub-clause (v), after the words "tax year" the words, brackets, figures and letter "except in a case referred to in sub-section (6) (b) (ii)" shall be inserted; (iii) in clause (e), for the figures, brackets, letters and words "206(1)(m) to (p) and 206(2)(e) to (h)", the figures, brackets, letters and words "206(2)(e) to (h) and 206(3) and (4)" shall be substituted. - Clause 57 of the Bill seeks to amend section 263 of the Income-tax Act, 2025 relating to return of income. Clause (c) ....

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....t August. (ii) partner of a firm whose accounts are not required to be audited under this Act or under any other law in force or the spouse of such partner (if section 10 applies to such spouse). 4. Any other assessee. 31st July.   Sub-section (5) of the said section deals with the revised return of income. It allows a person who has already furnished a return under section 263(1) and (4) to file a revised return, if any omission or wrong statement is discovered in the original or belated return. Such revised return required to be furnished within nine months from the end of the relevant tax year or before completion of assessment, whichever is earlier. It is further proposed to amend the said section so as to incr....