close x


Filing of revised return of income - An overview

STUDENT Rajasthan


 

Filing of revised return of income – An overview

After furnishing the return, if an assessee discovers any omission or any wrong statement in the return filed, he may file a revised return, subject to the condition that, the original return was filed within due date.  An individual is required to file his return of income by 31st July of the assessment year.

Return can be revised at any time before the expiry of one year from the completion of the said assessment year or before the completion of assessment, whichever is earlier. It is also possible to revise a revised return provided it is revised within the prescribed time.

If the assessee has not submitted his return of income within due date, he can still file the same, but the assessee shall be liable to pay interest & penalty in such cases. Such belated return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier. A belated return can not be revised, even after filing the return, the assessee found some omission or mistakes in it.


Total thanks : 3 times

 
Reply   
 
CA-FINAL & M.COM


Todays best post at cci. . . . . . . . . . . . Keep sharing. . . . . . . .


Total thanks : 1 times

 
Reply   
 



THIS IS REALLY A VERY USEFUL POST............KEEP SHARING


Total thanks : 1 times

 
Reply   
 
Chartered Accountant


Originally posted by : Aditya(future ca)

THIS IS REALLY A VERY USEFUL POST............KEEP SHARING


Total thanks : 1 times

 
Reply   
 

Originally posted by : praveen


Originally posted by : Aditya(future ca)



THIS IS REALLY A VERY USEFUL POST............KEEP SHARING



 


Total thanks : 1 times

 
Reply   
 
Article( CA Final)


Thank you & keep sharing.


Total thanks : 1 times

 
Reply   
 

Good one.....keep sharing such useful post...


Total thanks : 1 times

 
Reply   
 

GOOD ONE...such bits of informations will be helpful to all...thank u...


Total thanks : 1 times

 
Reply   
 

I filed IT Return on 26-07-2011 with efileing under section 11- u/s 139(1). On same day I revised efile return under section 16- u/s 139(5). Thereafter I came to know that the donation made by me to a NGO is admissible for deduction under section 80G. The said NGO have valid certificate about that. Now I want to know that ------

1) Can I file third time Income tax return by efiling to clam deduction under 80G. OR

2) Can I file third time Income tax return manually to claim deduction under 80G.

3) If answer of 1 or 2 is yes then what should be done about ITR-V of first and second efilied on 26-07-2011.

4) If I sent ITR-V to CPC Banglore can thereafter also can I file revised return manually/ efiling claiming deduction under section 80G.

 
Reply   
 
senior accountant


while filing the return for the assesment year of 11-12 I gave the adress of pune,since I was employed there.I switched of the company in pune and currently working at another company in the state of Bihar.I have e-file the return for the assesment year 12-13, but by mistake have mentioned the adress of pune. Can I file Revised return to rectify the mistake done. If i do not rectify my mistake,will there be any problem to claim my TDS refund....please suggest me what shall I do?

 
Reply   
 

LEAVE A REPLY



    

Your are not logged in . Please login to post replies

Click here to login   Click here to Register



 



Share on :