Revised return

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2011 1.Orig return filed for AY 2010-11 u/s 139(1) .
2. Rs 1000 tax due ,1500 was paid, and refund of Rs 500 also has come back.
3.Revised return has to be filed now to claim S 80c Deduction ,which was missed out earlier, can it be done now or is assessment is said to be completed u/s 143 144?

If revised return is filed,total income would be exempt,and no tax would be payable,Rs 1000 would become refundable.Pls advice on filing revised return.

Thanks in adv.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 June 2011 After completion of assessment once, department will not consider any revise return specially for the claim of deduction.

However, during the course of assessment
U/s 143(3) ITO may consider your claim if you have recorded the same in your books of account and forgot to claim.

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