Income tax return submitted u/s 139
This query is : Resolved
vimal suthar
(Querist)
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.
Message likes :
1 times
Ganeshbabu K
(Expert)
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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital gains in IT returns
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
