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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Tax Planning and Business Restructuring

A High Court sanctions a scheme of amalgamation after Dhanvi Ltd, the amalgamating company, had already furnished its return for a tax year to which the order applies. Within what time must the successor furnish a modified return under the Income-tax Act, 2025?

The successor must furnish the modified return within six months from the end of the month in which the court or tribunal order was issued. The return must be in the prescribed form and limited to what the order provides.

  1. AWithin six months from the end of the month in which the order was issuedCorrect
  2. BWithin six months from the date of filing the original return
  3. CWithin three months from the date of the order
  4. DWithin twelve months from the end of the tax year to which the order applies

Explanation

The Act requires the successor to furnish a modified return within six months from the end of the month in which the order was issued, limited to the order. The time is counted from the order month, not from the original return.

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