Filing of Revised Returns after 31st March
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2011
Sir,
The income tax returns has been filed once well within the due date.
But the revised returns has been filed on 1st April.
e.g. For F.Y. 2008-09 IT returns has been filed on 31st July, 2009
The revised returns has been filed on 1st April 2010.
There is no tax due and the return shows a refund to be received from the IT dept.
Please let me know the implications on this.
Regards
SA
The income tax returns has been filed once well within the due date.
But the revised returns has been filed on 1st April.
e.g. For F.Y. 2008-09 IT returns has been filed on 31st July, 2009
The revised returns has been filed on 1st April 2010.
There is no tax due and the return shows a refund to be received from the IT dept.
Please let me know the implications on this.
Regards
SA
01 April 2011
No problems or implications. As you had filed the return in time there will be no problem if you revise the return u/s 139(5).
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