One of my friend filled Return by selecting Presumptive Basis of Income and again he wrongly revised the return ITR 4 for which he has received notice us 139 (9) as defective return and he did not reply for the same, subsequently that return status is showing as an Invalid Return.
Can he file revised return again in this case under Presumptive Basis of Income?
INVALID RETURN cannot be revised now. File belated return u/s. 139(4).
Can we file revised return for the original Return?
No. Original return is invalid now. File afresh.
Thank you sir
Invalid return, practically means cancelled return, or as if return not filed, or doesn't exist.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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