Does Income Tax dept allow submission of revised return always? Or can it reject a revised return on certain ground? I am salaried, and I did not disclose deduction due to house rent paid to my employer and this was not reflected in form 16. Also I did not take it in account while submitting e-return ITR-1 on 31st july and later sumitted another revised return on 31st August, 2012 both on the due dates (followed by ITR-V). (The second return I submitted already shows some small of refund, Rs85 or so to be paid to me by income tax dept.) I was not sure whether I would go for house rent deduction since the amount was not much. Now can I submit another revised return ITR-1 (2nd time) claiming house rent deduction? Is that allowed? Actually this delay is my fault. Pleae suggest.
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Can revised return be denied under certain circumstances?
Replies (2)
A return filed u/s 139(1) can be revised and it can be revised many times subject to time limit under this section. However a retunr filed u/s 139(4) [belated return] can not be revised.
So in your case if the return filed by you is u/s 139(1) then you can revised such return but not after the expiry of one year from the AY in which you had filed the original return.
it is a settled case law you can revise your return many times but subject to time limit prescribe u/s 139(5)
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