CMA Intermediate · Direct and Indirect Taxation · Self-Assessment and Intimation
Mr. Sharma filed his return for tax year 2026-27 on 20 July 2026, within the due date. Assume the financial year in which the return is made ends on 31 March 2027. By which date can an intimation under section 270(1) be sent for this return?
The intimation can be sent up to 31 December 2027. Section 270(4) allows nine months from the end of the financial year in which the return is made, and that financial year ends on 31 March 2027.
- A31 December 2026
- B31 December 2027Correct
- C31 March 2028
- D30 June 2027
Explanation
Section 270(4) bars an intimation after nine months from the end of the financial year in which the return is made. That financial year ends on 31 March 2027, and nine months later is 31 December 2027. 31 March 2028 wrongly uses twelve months, while 31 December 2026 and 30 June 2027 do not use the end of the financial year.
Did you get it right without looking?
One question tells you little. A timed set on Self-Assessment and Intimation shows your real accuracy, how long you take and where you lose marks.
More Self-Assessment and Intimation questions
- While processing a return under section 270(1), the department proposes an adjustment for a deduction claimed in excess of its statutory mon…
- Ravi Traders received a communication of a proposed adjustment under section 270(2) on 1 July. Ravi sent no response. Which statement is cor…
- Under section 270 of the Income-tax Act, 2025, an Assessing Officer considers it necessary to verify that a taxpayer has not understated inc…
- Under section 270 of the Income-tax Act, 2025, before the processing of a return makes an adjustment to the total income under sub-section (…
- A resident company files its return on time. It claims a deduction of Rs 2,40,000 under a provision where the statutory limit is Rs 1,50,000…
- Meera Textiles filed its return for a tax year in the financial year ending 31 March 2027, within the due date. Counting from the end of tha…