Income Tax Returns

Whether a belated return can be revised
or not.
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Quick Summary
This discussion clarifies whether belated income tax returns can be revised. It explains that returns filed from the financial year 2016-17 onwards, under section 139(4), are eligible for revision. However, belated returns filed for financial years prior to 2016-17 cannot be revised due to changes in income tax law.

Only those return which are applicable for belated tax return will be revised others not
However, from FY 2016-17, a belated return can also be revised.Can you revise belated tax returns? Yes, ITR for FY 2016-17 and onward filed under section 139(4), which is applicable for belated tax returns, can be revised. However, belated returns filed for previous financial years cannot be revised because the income tax law was changed to allow this from FY 2016-17.(This news correct or not)

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