Information about revised income tax return

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Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2012 Sir, I want to know about revised income tax return. Please give me information about this.

Thanks.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 April 2012 If any person, having furnished a return under sub-section (1) of Section 139 discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :..”

So it is clear that belated return u/s 139(4) can not be revised.

In simple terms , a person can revise return within:-

1)before expiry of one year from the end of relevant assessment year or
2)before completition of assessment, whichever is earlier.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 April 2012 https://www.caclubindia.com/articles/filing-revised-return-under-income-tax-act-1961-10000.asp

Also check out the article from above link on this very topic.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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15 April 2012 Agree with expert.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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16 April 2012 Expert Sanjay Gupta has given the correct answer and accordingly you can follow and revise the return

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2012 I HAVE PAID MY INCOME TAX RETURN OF FY 2011-12 ON 28-3-2012. I WANT TO KNOW CAN I REVISE IT NOW. THANKS

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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18 April 2012 In certain circumstances when unintentional mistakes crept out in return, specially, at the time of e-filing of return, CPC considers the same favorably. In some of the cases, suppose we forgot to enter the details of TDS, we may enter the details and revise it.
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However, you have to track the Receipt and Intimation of CPC after filing such revised returns.
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