Income Tax Act, 2025
Section 10: Ins. by Act 20 of 1974, s. 10 (w.e.f. 11975).
10. Ins. by Act 20 of 1974, s. 10 (w.e.f. 11975).
11. The words “or by the thirty-first day of July of the assessment year relevant to the previous year during which the loss
was sustained” by Act 4 of 1988, s. 42 (w.e.f. 11989).
559
1[2[(4) Anyperson who has not furnished a return within the time allowed to him under sub-section
(1), may furnish the return for any previous year at any time before the end of the relevant assessment
year or before the completion of the assessment, whichever is earlier.]
3[(4A) Every person in receipt of income derived from property held under trust or other legal
obligation wholly for charitable or religious purposes or in part only for such purposes, or of income
being voluntary contributions referred to in sub-clause (iia) of clause (24) of section 2, shall, if the total
income in respect of which he is assessable as a representative assessee (the total income for this purpose
being computed under this Act without giving effect to the provisions of sections 11 and 12) exceeds the
maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous
year in the prescribed form and verified in the prescribed manner and setting forth such other particulars
as may be prescribed and all the provisions of this Act shall, so far as may be, apply as if it were a return
required to be furnished under sub-section (1).]]
4[(4B) The chief executive officer (whether such chief executive officer is known as Secretary or by
any other designation) of every political party shall, if the total income in respect of which the political
party is assessable (the total income for this purpose being computed under this Act without giving effect
to the provisions of section 13A) exceeds the maximum amount which is not chargeable to income-tax,
furnish a return of such income of the previous year in the prescribed form and verified in the prescribed
manner and setting forth such other particulars as may be prescribed and all the provisions of this Act,
shall, so far as may be, apply as if it were a return required to be furnished under sub-section (1).]
5[(4C) Every—
(a) 6[researchassociation] referred to in clause (21) of section 10;
(b) news agency referred to in clause (22B) of section 10;
(c) association or institution referred to in clause (23A) of section 10;
7[(ca)person referred to in clause (23AAA) of section 10;]
(d) institution referred to in clause (23B) of section 10;
(e) fund or institution referred to in sub-clause (iv) or trust or institution referred to in sub-clause
(v) or any university or other educational institution referred to in 8[sub-clause (iiiab) or] 9[sub-clause
(iiiad) or sub-clause (vi)] or any hospital or other medical institution referred to in 8[sub-clause (iiiac)
or] 10[sub-clause (iiiae) or sub-clause (via)] of clause (23C) of section 10;
11[(ea) Mutual Fund referred to in clause (23D) of section 10;
(eb) securitisation trust referred to in clause (23DA) of section 10;
7[(eba) InvestorProtection Fund referred to in clause (23EC) or clause (23ED) of section 10;
(ebb) Core Settlement Guarantee Fund referred to in clause (23EE) of section 10;]
(ec) venture capital company or venture capital fund referred to in clause (23FB) of section 10;]
Anyperson who has not furnished a return within the time allowed to him under sub-section
Every person in receipt of income derived from property held under trust or other legal
obligation wholly for charitable or religious purposes or in part only for such purposes, or of income
being voluntary contributions referred to in sub-clause
of clause
of section 2, shall, if the total
income in respect of which he is assessable as a representative assessee (the total income for this purpose
being computed under this Act without giving effect to the provisions of sections 11 and 12) exceeds the
maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous
year in the prescribed form and verified in the prescribed manner and setting forth such other particulars
as may be prescribed and all the provisions of this Act shall, so far as may be, apply as if it were a return
required to be furnished under sub-section
The chief executive officer (whether such chief executive officer is known as Secretary or by
any other designation) of every political party shall, if the total income in respect of which the political
party is assessable (the total income for this purpose being computed under this Act without giving effect
to the provisions of section 13A) exceeds the maximum amount which is not chargeable to income-tax,
furnish a return of such income of the previous year in the prescribed form and verified in the prescribed
manner and setting forth such other particulars as may be prescribed and all the provisions of this Act,
shall, so far as may be, apply as if it were a return required to be furnished under sub-section
Every—
6[researchassociation] referred to in clause
of section 10;
news agency referred to in clause
of section 10;
association or institution referred to in clause
of section 10;
7[
of section 10;]
institution referred to in clause
of section 10;
fund or institution referred to in sub-clause
or trust or institution referred to in sub-clause
or any university or other educational institution referred to in 8[sub-clause
or] 9[sub-clause
or sub-clause
or] 10[sub-clause
or sub-clause
of section 10;
11[
Mutual Fund referred to in clause
of section 10;
securitisation trust referred to in clause
of section 10;
7[
InvestorProtection Fund referred to in clause
or clause
of section 10;
Core Settlement Guarantee Fund referred to in clause
of section 10;]
venture capital company or venture capital fund referred to in clause
of section 10;]