Revision of IT returns

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This query is : Resolved

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You can generally revise your Income Tax Return within one year from the end of the relevant Financial Year, or before the assessment is completed, whichever comes first. For example, returns for the financial year 2018-19 could be revised up to 30 June 2020, even if an intimation under section 143(1) had already been received.

Nikhil Sharma

Nikhil Sharma (Querist)
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08 June 2020 Dear Exprerts,
Pls let me know how long can we revise the IT return.. can we revise even after assessment u/s 143(1)

Thanks
Nikhil

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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08 June 2020 An Income Tax Return can be revised within 1 year from the end of the relevant Financial Year or before the assessment is complete whichever is earlier.

Nikhil Sharma

Nikhil Sharma (Querist)
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08 June 2020 If assessment u/s 143(1) is done by AO than... any possibility of revise