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Belated Return

CA. Gurdeep Singh Chawla (C A) (7080 Points)

28 February 2008

Can belated return be revised?

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5 Replies

rajesh HT B.Com.,PGDFM.,CA(F) (Article Assistant) (214 Points)
Replied 28 February 2008

yes , belated return can be erevised if it is so required and have reason to do so. Becouse assessing officer wil treat the belated return as equal as return filed u/S 139(1) for the purpose of revision.

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Ritesh.D.jain (CA Job) (232 Points)
Replied 28 February 2008

No, Revised return is a new return filed by income tax assesses which corrects the information filed earlier in the regular return is called Revised return. It is covered u/s 139(5). A return can be revised any number of times by an assessee. A belated return however, cannot be revised.

M.Sriram Shenoy (CA Final) (814 Points)
Replied 28 February 2008

Where belated return is filed u/s.139(4), assessees cannot file a revised return u/s.139(5). The provisions of sec 139(5) provide that a revised return can be filed only where a return has been furnished u/s.139(1) or in response to a notice issued u/s.142(1).

CA. Kirti S. Ganatra (Service) (1461 Points)
Replied 28 February 2008

(Guest)

any person who has filed return of income u/s 139(1) or 142(1) can file revised return if he discovers any error or ommission. if belated returnis filed then there is no benifit under this section.