Income tax return submitted u/s 139

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vimal suthar (Querist)
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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 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

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Ganeshbabu K

Ganeshbabu K (Expert)
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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

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