Revise itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 August 2014 belated return cannot be revised in any manner. however, if you have not sent the original ITRV to tax department, you can just keep it with you. within 120 days, your filed return will become non-est on account of non-receipt of ITRV and then you revise the return. In such a situation revised return shall be treated as 139(4) belated return only.

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2014 Till now i have not sent it to cpc if i not sent it with in 120 Day then after120 Days i can able to rectify my error and any type of penalty will be impose on me ?