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Revised return

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2012 Dear All,
I have filled my IT return for AY 2011-12 on 30.07.2011. In that i hade made some mistakes. Is there is any provision for filling revised return before 31.03.2012.and shall i pay any penalty for that.

14 March 2012 You can file a revised return upto 31.3.2013 or before completion of assessement, whichever is earlier.

No penalty is levied on filing a revised return.

However, if you increase the income in the revised return, penalty may be levied.


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