139(5) or 139(1)

ITR Filing 8242 views 3 replies

Vivek

Manager

26 Points Posted on 31 July 2009

Hi,

I missed entering one AIR-IT entry (one advance tax payment) in ITR for AY08-09. The return was filed withing due date. There is no change in income, only the change in advanced tax payment.

Now thanks to the information IT department is sending by email, I got this information about missing advanced tax payment and want to electronically file revised return by today (31-July).

1. What is the section under which this revised return is to be filed? Is is 139(5)?

2. If so, the old ITR-2 form which gives fixed codes for field "return filed under section" (E.g. "11 u/s 139(1)") does not give code for section 139(5). How this is to be addressed?

3. I supposed even for last assessment year, the ITR-V is to be sent by post like the current assesment year.

Thanks,

Vivek.

Replies (3)

M K MODY

BOOKKEEPING

75 Points Posted on 31 July 2009

Sir

You can file revised return within one year from the date of filing original return. Further, for last year return query, I had sent IVR-5 for AY 2008-09 and got e receipts for the same.

Ashish M

Chartered Accountant

2731 Points Posted on 31 July 2009

Sec.135(5) says in case of any omission found in the original return, (and not only in relatino to income), a revised return can be filed.

u can file a revised return under section 139(5).......since the return filed under Sec.139(5) is deemed to be a return filed u/s 139(1), the code shall remain '11' only.................

yeh... ans of Mr. Ashish is correct... u can revise ur return u/s 139(5) n code will b 11 only.... revised return can b filed within 12months 4m the end of relevent assessemetn year provided the original return is file on or b4 d due date ....