Revesion of income tax return
This query is : Resolved
Gagan Gulati
(Querist)
09 January 2014
Kindly tell me, can i revise my income tax return after receiving Refund/assessment order under 143(1)
Ganeshbabu K
(Expert)
09 January 2014
Yes,You can revise return,
Revised return of income tax u/s 139(5) can be filed by an assesse any time "before the expiry of 1 year from the end of relevant assessment year or before the completion of Assessment which ever is earlier
.
.
For the purpose of this section assessment refers to assessment made under section 143(3) and 144
.
.
Hence Assessment made under section 143(1) will not be treated as assessment for this purpose So revised return can be filed even after the intimation u/s 143(1) has been served
Revised return of income tax u/s 139(5) can be filed by an assesse any time "before the expiry of 1 year from the end of relevant assessment year or before the completion of Assessment which ever is earlier
.
.
For the purpose of this section assessment refers to assessment made under section 143(3) and 144
.
.
Hence Assessment made under section 143(1) will not be treated as assessment for this purpose So revised return can be filed even after the intimation u/s 143(1) has been served
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