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Change in status while revision of return?

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Shama Sarin

CA Job

24 Points Posted on 18 March 2020

Hi,

Is it possible to change the status example "AOP" to "Cooperative Housing Society" while revising the income tax return?

We had bychance filed it under the status of AOP n now we want to revise it?

Doubt 2 - Do we have to do physical submission in case the software doesn't permit us to revise the status?

Replies (3)

Quick Summary

This discussion addresses whether it's possible to change the taxpayer status, specifically from 'AOP' to 'Cooperative Housing Society', when revising an income tax return. The consensus is that a revision is indeed possible under section 139(5) of the Income Tax Act, allowing for such status amendments.