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CS Executive · Tax Laws and Practice · Direct Tax at a Glance

Under section 173 of the Income-tax Act, 2025, the 'specified date' for a tax year is:

The specified date is the date one month before the due date for furnishing the return of income under section 263(1) for the relevant tax year. It is therefore earlier than the return due date, not later and not the end of the tax year.

  1. AThe date of furnishing the return of income
  2. BThe last day of the tax year
  3. CThe date one month before the due date for furnishing the return under section 263(1)Correct
  4. DThe date one month after the due date for furnishing the return under section 263(1)

Explanation

Section 173(d) defines specified date as the date one month before the due date for furnishing the return of income under section 263(1) for the relevant tax year. The option saying one month after reverses the direction, and the other options use unrelated dates.

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