revised wealth tax return
This query is : Resolved
11 July 2009
please urgently tell me whether wealth tax return can be revised and what would be penalty OR interest if any.
Ratan Sharma
(Expert)
11 July 2009
Yes, the wealth tax return can also be revised. There is no penalty for revised return. Interest @ 1% is payable on outstanding wealth tax if it is revised after the due date of filing return.
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