Senior Executive (Finance & Account)
115 Points
Joined July 2011
Revised return means that you can re-file your IT return with some modification. If you have already filed your return for FY 2007-08 but want to make modifications and file a new return, then the new return will be called the revised return.
o For this financial year (Mar 2007 - Apr 2008), you can file a revised return till 31st March 2010.
o However, if the income tax department completes the assessment of your return earlier, then you can not file a revised return.