Tax (Student) (165 Points)
29 January 2017Husband and wife filed ITR's for AY 15-16 in March, 2016
Those returns were riddled with mistakes, hence revising them both NOW..
Also filing returns for AY 16-17 at the same time.. NOW
The time gap of 6 MONTHS required for HOME LOANS FROM BANKS between filing of two ITR's is considered from ORIGIONAL ITR to ORIGINAL ITR or from REVISED ITR to Current year ORIGIONAL ITR????
Please do let me know... Thanks in advance..
Prashant Sharma
(CA)
(389 Points)
Replied 29 January 2017
Prashant Sharma
(CA)
(389 Points)
Replied 29 January 2017
CA Revanth Bharathwaj M
(Freelance consultant in Direct Tax and Financial Reporting)
(373 Points)
Replied 29 January 2017
Tax
(Student)
(165 Points)
Replied 29 January 2017
Section 139 (4) allows to file before the expiry of one year from the end of relevant assessment year.
AY. 2015-16 Return can be filed up to 31st March 2017 belatedly.
Prashant Sharma
(CA)
(389 Points)
Replied 29 January 2017
Prashant Sharma
(CA)
(389 Points)
Replied 29 January 2017
Tax
(Student)
(165 Points)
Replied 29 January 2017
But I can still apply for rectification under section 154
Tax
(Student)
(165 Points)
Replied 29 January 2017
| Originally posted by : Prashant Sharma | ||
 |
Yes, you can apply for rectification. |  |
Thanks a lot Sir! Can the assessee change the nature of business in rectification? Wrong business code was entered in the ITR
Prashant Sharma
(CA)
(389 Points)
Replied 29 January 2017
manoj
(student)
(5205 Points)
Replied 29 January 2017
Time between Last 2 Returns should be SIX MONTHS
CA SUNIL SURI
(chartered accountant)
(345 Points)
Replied 30 January 2017
It depends on the Bank Manager. He Can sanction loan though the two Itr are filed on same date.
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