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)

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)

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)

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)

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)

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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