i filled my income tax return before due date,and claim refund in return.
and refund has been received .
Now i want ro revise my return ,Can i do so ?
Ankur
(FINALIST)
(352 Points)
Replied 07 December 2013
yes you can revise the return provided time limit of one year from the end of assessment year has not been elapsed.
CA Mitesh N Kothari
(9821662799)
(391 Points)
Replied 07 December 2013
If as per revised return any tax is payable then it has to be paid with detailed interet calculation.
Yogesh Goel
(Chartered Accountant)
(192 Points)
Replied 07 December 2013
Dipen Shah
(OWNER)
(31 Points)
Replied 08 December 2013
hiralalsuthar
(artilce)
(31 Points)
Replied 09 December 2013
ketan h shah
(lawer)
(55 Points)
Replied 09 December 2013
LAXMAN NAYAK
(CONSULTANT)
(29 Points)
Replied 09 December 2013
What is the reason for revision ? In case the Taxable income per Revised Return is substantialy higher than the Original Return Penal Provision U/S 271 may be attracted.
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 09 December 2013
sitarama charyulu
(manager finance)
(27 Points)
Replied 09 December 2013
CA VISHNU GAVKARE
(Chartered Accountant)
(1498 Points)
Replied 09 December 2013
You can revise return provided assessment is not completed. if you have received refund aster 143(1) then you can revise the return.
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