Filing of revised return

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This query is : Resolved

ARITRA CHAKRABORTY (Querist)

21 July 2018 With due respect to the reader, I would like to know from you that if I file a revised return after 31st July in lieu of a return which is wrongly filed but within due date i.e 31st July, will there be any interest/penalty imposed on that revised return?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

21 July 2018 Interest applicable only if tax liability is due If liability arise due to revision of tax return.

RAJA P M

RAJA P M (Expert)

21 July 2018 Yes... I agreed to Mr KAVIRAJA ADDANGADI Sir... Not applicable for late filing fee You ll reverse your ITR after 31st July if You are filed on or before 31st July...

ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)

22 July 2018 Suppose my original return has a tax liability to pay off and revised one hasn't. Then?

RAJA P M

RAJA P M (Expert)

22 July 2018 If not then no more charges. Bcoz, Return accessed based on original attempts.

ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)

22 July 2018 Ok thank you sir.. :)

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