Revise of i tax return
This query is : Resolved
12 March 2012
Income-tax Return of Partnership Firm for A.Y. 2011-12 can be revise ? if yes what is the time limit and also can revise a return for A.Y. 2010-11 ? please help
13 March 2012
Revised return can be filed upto one year from the end of the assessement year or before completion of assessment, whichever is earlier.
Further, intimation u/s 143(1) is NOT an assessment. So, revised return can be filed even AFTER receipt of intimation u/s 143(1).
However, revised return can be filed only if the original return was filed before the due date.
Accordingly, revised return time limit is as under:
AY 11-12 : 31.03.2013
AY 10-11 : 31.03.2012
Further, intimation u/s 143(1) is NOT an assessment. So, revised return can be filed even AFTER receipt of intimation u/s 143(1).
However, revised return can be filed only if the original return was filed before the due date.
Accordingly, revised return time limit is as under:
AY 11-12 : 31.03.2013
AY 10-11 : 31.03.2012
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13 March 2012
Ok Thank you very much Siddhartha
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