Income Tax Returns Revision

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20 Points Posted on 23 March 2021
Hello All,
I need to know if we can revise the ITR after successfully receiving the refund. To all other income which was left omitted.

Please cast some light on this. It will be great help.

Thanks in Advance
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On 23 March 2021 at 16:31 Report
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Quick Summary
This discussion explores the possibility of revising an Income Tax Return (ITR) after a refund has already been issued. While initially it might seem impossible, clarification suggests that revision is possible. However, it's crucial to repay any refund received, along with applicable interest, to avoid future demands from the tax authorities.

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Chartered Accountant
20 Points Posted on 23 March 2021
No after receiving refund you cannot revise ITR. Revise return for ay 20-21 will be 31.3.21
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On 23 March 2021 at 18:29
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Chartered Accountant
20 Points Posted on 01 May 2021
Yes you can revise but don't forget to pay the refund amount with interest, otherwise demand for same will be issued
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On 01 May 2021 at 17:28

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