Definition of invalid return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2013
I want to know the meaning of invalid return. Will a valid return filed after previous return being treated as invalid be considered as original return or will it be treated as revised return?
Guest
Guest
(Expert)
09 May 2013
Meaning :-The return shall only be invalid if it contains defects.
And the defects are mentioned u/s 139(9) of the income tax act.
Procedure:- Officer considers that the return of income furnished by the assessee is defective, he may intimate the defect to the assessee and give him an opportunity to rectify the defect within a period of fifteen days from the date of such intimation or within further period on application of assesse.
However, presently no documents are attached with return of income.
Hence the return can be invalid , if it not authenticated by assessee and considered as no return is filled by the assesse
Now revised return case:-
if a person files the return for next year it will be considered as return for such assessment year only not revised return
And the defects are mentioned u/s 139(9) of the income tax act.
Procedure:- Officer considers that the return of income furnished by the assessee is defective, he may intimate the defect to the assessee and give him an opportunity to rectify the defect within a period of fifteen days from the date of such intimation or within further period on application of assesse.
However, presently no documents are attached with return of income.
Hence the return can be invalid , if it not authenticated by assessee and considered as no return is filled by the assesse
Now revised return case:-
if a person files the return for next year it will be considered as return for such assessment year only not revised return
10 May 2013
In addition to the above Finance Bill,2013 has inserted one more condition to become defective return ie.,
If self assessment tax is not paid on or before filing the return of income, the said return becomes defective.
If self assessment tax is not paid on or before filing the return of income, the said return becomes defective.
26 May 2013
There is a deference between a defective return and invalid return. Defective means there is some omission and commission which can be made good or the defect can be removed but in case of invalid return there is no remedy. Invalid returns are those returns which are filed beyond time or some one else is filing return for someone.
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