Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Diff. between revised return and rectification of return

Sandhya Purohit (CA Final Student) (368 Points)

01 May 2012

CAN ANYBODY PLEASE EXPLAIN ME THE DIFFERENCE BETWEEN REVISED RETURN AND RECTIFICATION OF RETURN??

Reply
Follow
Share

9 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 01 May 2012

When you realize that some error has occured after you have filed your return, then you have to rectify your mistake. For the purpose of rectifying your mistake you are required to file a revised return. So revision of return is a function of rectification.

ashish gupta ( student) (1922 Points)
Replied 01 May 2012

Giridhar ji is right.

Sandhya Purohit (CA Final Student) (368 Points)
Replied 01 May 2012

ok but there is some other provision in IT for rectification which is other than revised return.I want to know about that.

ashish gupta ( student) (1922 Points)
Replied 01 May 2012

yeah i think you are confused with section 154. those provisions are for rectification of assessment orders not for rectification of return of income

Ramanan Krishnamoorthy (Chartered Accountant) (158 Points)
Replied 02 May 2012

Revised Return can be filed only if you have done any mistakes(omissions or commissions) in your original return of income filed. In otherwords revised return is filed to rectify your mistakes committed in your original return of income.

Rectification is applied only if you have find any error in the order passed by the Department. In others rectification is sought only if you have find any mistakes in the order passed by department.

Revised return - is filed to rectify the mistakes made in the original return filed by the assessee

Rectification - is filed to rectify the mistakes in the order passed by the department.

1 Like

CA Ruben Balooni (Professionalism ™) (1324 Points)
Replied 02 May 2012

Rectification is related to order passed by Assessing Officer. Only those mistakes which are apparent from record (in regard of which two views are not possible) can rectified u/s 154 upto 4 years from the end of the financial year in which order sought to be rectified was passed !!

Whereas REVISED is used in context of RETURN.

1 Like

Manoj R. Agrawal (Service) (86 Points)
Replied 08 May 2012

As such if there is any error - for rectification you have to file the revised return. But durign the assessment (before order) you can make application of assessing office for adding/deleting some matter as rectification of mistake. To accept/reject the application is in the powers of assessing officer.