Income tax return submitted u/s 139
This query is : Resolved
02 August 2013
A RETURN IS SUBMITED FOR A.Y.2012-13, IT WAS BELATED RETURN AND THERE IS A MISTAKE IN BELATED RETURN AND IT IS CANT REVISE SO WHAT CAN I DO FOR REVISION OF RETURN.... IT WAS ONLINE SUBMITTED
THE RETURN SUBMITTED WAS A REFUNDABLE RETURN
IF BELATED RETURN ACKNOELEDGEMENT ITR-V NOT SEND WITHIN 120 DAYS FROM FILING THE RETURN & IT WILL BE CANCELLED THEN CAN I FILE A REFRESH RETURN ?
THE RETURN SUBMITTED WAS A REFUNDABLE RETURN
IF BELATED RETURN ACKNOELEDGEMENT ITR-V NOT SEND WITHIN 120 DAYS FROM FILING THE RETURN & IT WILL BE CANCELLED THEN CAN I FILE A REFRESH RETURN ?
02 August 2013
Belated return cannot be revised under sec 139(5).
If you do not send the ITR-V within 120 days of filling then your return will not be valid and as if no return is filled and all the consequences of non filling of return will apply.
If you do not send the ITR-V within 120 days of filling then your return will not be valid and as if no return is filled and all the consequences of non filling of return will apply.
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02 August 2013
as it is already crossed the date 31.03.2013 which is end of relevant assessment year..
if you filed return now a penalty 5000 can be imposed under section 271F--you may or may not get and it is payable on demand of AO
however you can file belated return now for A.Y.2012-2013
if you filed return now a penalty 5000 can be imposed under section 271F--you may or may not get and it is payable on demand of AO
however you can file belated return now for A.Y.2012-2013
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