Revised ITR
This query is : Resolved
05 March 2010
In my original ITR of A/Y 2009-10, i have disclosed the total income of Rs. 3,50,000/-. Now i have realised a mistake in my books of accounts for the F/Y 2008-09 and the correct total income comes to Rs. 4,15,000/-. My original ITR was filed within due date i.e. before 30.09.2009. Till what date can i revise my ITR? Can there be any penalty for concealment in case i am revising the ITR voluntarily?
Please Advise...
Please Advise...
05 March 2010
Dear Mahesh,
You can file revised return u/s 139(5) on or before 31.03.2010 as your original return was filed within due date.
Any ommission wrong statement can be corrected. The benifit of filing revised return can not be claimed by a person who has initially filed a return, knowing it was false.[CIT v Badridas Ramrai Shop (19390 7itr 613(Nag)]
You can file revised return u/s 139(5) on or before 31.03.2010 as your original return was filed within due date.
Any ommission wrong statement can be corrected. The benifit of filing revised return can not be claimed by a person who has initially filed a return, knowing it was false.[CIT v Badridas Ramrai Shop (19390 7itr 613(Nag)]
05 March 2010
Dear Sanjay,
thanks a lot for ur valuable advise.
thanks a lot for ur valuable advise.
05 March 2010
You'r most welcome.
15 March 2010
15 March 2010
closed
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