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ITR Revised Return

Om Baheti (ahmednagar) (26 Points)

16 October 2020

Can I revise return if ITR is processed and if ITR V is received in that case too, can I revise the return

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7 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 16 October 2020

You can summit a rectification request after the return processed or you can file a revised return under section 139(5)on receiving an intimation letter as per 143(1)

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rama krishnan (12244 Points)
Replied 17 October 2020

Yes you can revise your return

Shivam RC (Student) (23683 Points)
Replied 17 October 2020

You can file Revised Return U/s 139(5) before the end of the relevant assessment year or before the assessment is made, whichever is "earlier".

ayusmita (Tax consultant) (5885 Points)
Replied 17 October 2020

If the person didn't get any intimation letter how could he file return under sec 139subsection 5 as his return already possess

rama krishnan (12244 Points)
Replied 17 October 2020

@ ayusmita, there's no necessity for receipt of intimation u. s. 143(1) to file revised return. as said by Mr. shivam, a return can be revised before the end of the relevant assessment year or before the assessment is made whichever is earlier

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Sunil Sunny Kumar (61 Points)
Replied 17 October 2020

Which assessment year. revised return it's depends upon AY wise You only revise your return for AY2019-20 and 2020-21 only other previous return you cannot revise. kindly provide information what you want revised and ay. Than I shall give you correct suggestion.