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[Cites 0, Cited by 0] [Section 53(5)] [Section 53] [Entire Act]

Union of India - Subsection

Section 53(5)(i) in Finance Act, 2020

(i)having income from business or profession, on or before the due date specified under sub-section (1) of section 139 for furnishing the returns of income for any previous year relevant to the assessment year commencing on or after the 1st day of April, 2021, and such option once exercised shall apply to subsequent assessment years;