My home loan ended up with a legal issue. After judgement, if there is restructuring of the repayment schedule, can I amend my I.T. returns to comply with judgement ? What is the limitation on the number of years of which we can amend the returns. Last 3 years or 5 years ? Thanks in advance!
As per section 139 (5) Return can be revised only when original return is filled on time.
And the time limit is one year from the end of Assessment year or on completion of Assessment w.e is earlier.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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