Income Tax - 142(1)(i)

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This query is : Resolved

Akhil (Querist)

27 December 2009 if i file ROI in response to notice u/s 142(1)(i) but shows toatal income above maximum examtion limit [total income described in 139(1)] taht that ROI will be treated as belated return and it can not be further revised.

If i file ROI in response to notice u/s 142(1)(i) with showing income Rs100000, and now i can revise my ROI u/s 139(5).
Can i revise ROI more than exemption limt say Rs300000

Neeraj Bansal CA

Neeraj Bansal CA (Expert)

27 December 2009 sir

as per sec 139(5), a return which is filed within the time limit , that can be possible to revise. but a belated return can never be revise whether it is in response to notice under 142(1)(i)or not.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

27 December 2009 agree with expert that belated return cannot be revised.

Akhil

Akhil (Querist)

29 December 2009 but when i filed a return to response u/s 142(1)(i) it was within the time limit mentioned in notice at tat time i shown my income just rs. 100000 at that time (hence its not belated return. as return filed within time limit mentioned in notice U/s 142(1)(i)) and after words can i revise that return beyond maximum examtion limit.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

31 July 2024 If you filed the original return within the time specified in the notice under Section 142(1)(i), it is not considered a belated return. Therefore, you have the right to revise it under Section 139(5) if the revision is done within the permissible time frame.

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