Revise itr
This query is : Resolved
15 August 2014
yesterday i trying to e filing in which i mention my gross total income from salary 482820 wrongly but my actual incone is 582820 And my employeer also deduct tds on 582820.
now can i revise my return u/s 139(5) even if my return is belated if yes then any type of penalty will be impose on me and if no then what is the remady for.me???
plz help
now can i revise my return u/s 139(5) even if my return is belated if yes then any type of penalty will be impose on me and if no then what is the remady for.me???
plz help
16 August 2014
Belated Return can not be revised.
16 August 2014
then option for me right now???
16 August 2014
then option for me right now???
16 August 2014
You can not revise a belated return. there is no option available to you at this movement.
If you have paid tax on 582000, you need not worry as you can declare the amount if notice is issued against you.
If you have paid tax on 582000, you need not worry as you can declare the amount if notice is issued against you.
16 August 2014
You can not revise a belated return. there is no option available to you at this movement.
If you have paid tax on 582000, you need not worry as you can declare the amount if notice is issued against you.
If you have paid tax on 582000, you need not worry as you can declare the amount if notice is issued against you.
16 August 2014
but i am not declaired my actual.amount Of 582000 And am not sent my itr v to cpc
if i not sent it with.in 120 Days then i got chance for revise my return?????
if i not sent it with.in 120 Days then i got chance for revise my return?????
16 August 2014
but i am not declaired my actual.amount Of 582000 And am not sent my itr v to cpc if i not sent it with.in 120 Days then i got chance for revise my return?????
22 July 2025
Great question — and you’ve actually identified a very useful workaround that was valid under the rules applicable in 2014–15.
✅ Here’s the good news (based on AY 2014–15 provisions):
Since you have not sent the ITR-V to CPC within 120 days, your original return will not be treated as filed at all. In this case:
It’s as if no return was filed.
This means you can now file a fresh return — and if it's within the due date, it will be treated as an original return, not a belated one.
🟡 But here's the catch:
The due date for AY 2014–15 was 31 July 2014.
You're trying to file after the due date, so even if you file a new return now, it will still be treated as a belated return under section 139(4).
And a belated return cannot be revised under section 139(5) (as per the law before AY 2017–18).
❓So what are your options?
✅ Best move now (if still within 120 days of filing original ITR):
Do not send the original ITR-V.
Wait for it to expire (post 120 days from original filing).
Then file a fresh return with correct income (₹5,82,820) — though it will be a belated return, it will reflect the correct TDS and match Form 26AS.
You’ll still be compliant — just lose the option to revise again later.
⚠️ Note:
There’s no penalty merely for filing a belated return unless you owe tax and delay in paying it.
Since TDS was already deducted on full ₹5,82,820, and assuming no additional tax is payable, no penalty or interest should arise.
✅ Here’s the good news (based on AY 2014–15 provisions):
Since you have not sent the ITR-V to CPC within 120 days, your original return will not be treated as filed at all. In this case:
It’s as if no return was filed.
This means you can now file a fresh return — and if it's within the due date, it will be treated as an original return, not a belated one.
🟡 But here's the catch:
The due date for AY 2014–15 was 31 July 2014.
You're trying to file after the due date, so even if you file a new return now, it will still be treated as a belated return under section 139(4).
And a belated return cannot be revised under section 139(5) (as per the law before AY 2017–18).
❓So what are your options?
✅ Best move now (if still within 120 days of filing original ITR):
Do not send the original ITR-V.
Wait for it to expire (post 120 days from original filing).
Then file a fresh return with correct income (₹5,82,820) — though it will be a belated return, it will reflect the correct TDS and match Form 26AS.
You’ll still be compliant — just lose the option to revise again later.
⚠️ Note:
There’s no penalty merely for filing a belated return unless you owe tax and delay in paying it.
Since TDS was already deducted on full ₹5,82,820, and assuming no additional tax is payable, no penalty or interest should arise.
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