Income Tax

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2011 I filled my return for the A.Y. 2009-2010 on 31-07-2010, but I had any mistake in my return can I filled a revised return ?
Is it any intimation received from department for completion of assessment?

Guest

Guest (Expert)

26 February 2011 :-If somebody wants to re-file his return with some modification or changes it its old already filed return it is called revised return.

If a person feels some omission or wrong statement in its old filed return he can refile its return for any previous year at any time before the expiry of 1 year from the end of the relevant assessment year or before the completion of the assessment.

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ADITI BIDASARIA

ADITI BIDASARIA (Expert)

26 February 2011 An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act in respect of the number of time for which the return of income may be revised by the assessee. However, if a person deliberately files a false return he will be liable to be imprisoned under section 277 and the offence will not be condoned by filing a revised return.

Where the return relates to assessment year 1988-89 or any earlier assessment year, the period of limitation is two years from the end of the relevant assessment year.

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