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Belated Return
Can belated return be revised?
Replies (5)
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.
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.
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).
No
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.
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