RAJ KUMAR (FINANCE MANAGER) (1393 Points)
22 November 2011HELLO FRIENDS, MY CLIENT HAS FILE THE RETURN AND INTIMATION U/S 143 (1) IS RECIVED. NOW HE WANT TO REVISE THE RETURN. CAN HE REVISE THE RETURN. INTIMATIN U/S 143 (1) IS NOT AN ASSESMENT ORDER.
PLS. HELP ME.
CAN HE REVISE THE RETURN OR NOT?
THANKS.
C.A Chirag
(JOB & Study)
(115 Points)
Replied 22 November 2011
yes u can revise return provided original return file within time limit u/s 139 (1)
Z
( )
(2960 Points)
Replied 22 November 2011
Am also of the opinion that the return can be revised u/s 139(5) provided the return has been submitted in accordance with the provisions of S. 139(1) , i.e on or before the due date
Pradeep Poojari
(CA FINAL)
(34 Points)
Replied 22 November 2011
yes u can revise the return since intimation is not an assessement order.
amit jain
(Chartered Accountant)
(532 Points)
Replied 22 November 2011
you can file revise return provided the original is filed within due date
CA Jigyasa Bansal
(Practice)
(61 Points)
Replied 22 November 2011
Yes you can revise the return with in time limits of 139(5)
CA Rakesh Garg
(Asst. MGR Taxation)
(510 Points)
Replied 22 November 2011
Yes, u can revise thr return upto end of one year from relevant assessment year. But the original return must be filed with in due date u/s 139(1).
Ankur A Mehta
(CA)
(375 Points)
Replied 23 November 2011
@ Raj Kumar
You are absolutely correct that intimation under section 143(1) is not an assessment order and therefore he can file revised return even after reciept of intimation
srinivass
(CA Final)
(2466 Points)
Replied 23 November 2011
revise return is available ...it isjust an intimation
vipul katharotiya
(CA)
(25 Points)
Replied 23 November 2011
Intimation under Section 143(1) is not an assessment order so return can be revised subject to origional return filed as per section 139(1) and time limit for 1 year from completion of assessment year has not expired.
amit
(Account)
(48 Points)
Replied 24 November 2011
In response to intimation received under sec 143(1) you can file the rectifiction under sec 154 of IT act. In that you mention the detail of rectifiction & submit the revised return.If its is e-filed you can upload rectifition online and if it is filed offline rectification under sec 154 may send to IT dept.
This is proper way of assesment.
swathi
(Accounts Officer)
(349 Points)
Replied 05 December 2011
First you revise the return and then rectify the return for intimation received under sec.143(1) by doing online rectification under sec.154 of the income tax act, 1961
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