Answer

1. F

   Facts

   The law says there is no prosecution for a Sec 139(1) default if the return is filed before the end of the assessment year. If you filed within that time, point it out with the acknowledgement. The notice may have been generated before your filing was linked.

2. P

   Provisions and law

   • Sec 276CC (now Sec 479)Prosecution for wilful failure to file a return on time; jail of 3 months to 2 years, or 6 months to 7 years where tax evaded exceeds ₹25 lakh
   • Sec 139(4) (now Sec 263(4))A late (belated) return can be filed up to 31 December of the assessment year or before assessment, whichever is earlier
3. A

   Analysis

   For AY 2023-24, the assessment year ended on 31 March 2024; a return filed in, say, December 2023 is covered by the proviso. Attach the acknowledgement showing the filing date and e-verification. If the return was filed after the assessment year ended, the protection does not apply and you must rely on other grounds, such as small tax payable or reasonable cause. Late fees and interest still apply to a late return.

4. C

   Conclusion

   1. 1Download the acknowledgement with the filing date.
   2. 2Compare it with the end of the assessment year.
   3. 3Reply attaching the acknowledgement.
   4. 4Keep proof of e-verification.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.