In the case of an assessee the return of Income for the A/Y 2013/14 was filled on 30.01.2014.Now we want to revise that.So please help how to file that revise return, under which section i can file(I using winman software)
2 Replies
Binod
(Student CA Final )
(386 Points)
Replied 24 February 2014
Hello, FRiends
In case you have filed your Income Tax Returns before the due date of filing of Returns u/s 139(1) but later realised that there was any omission or mistake in filing your Income Tax Return, you need not worry as you can always file a Revised Return of Income Tax under section 139(5) stating the correct particulars.
Revised Return of Income Tax can be filed by an assessee any time before the expiry of 1 year from the end of the
Relevant Assessment Year or before the completion of assessment (whichever is earlier)
A Belated Return filed u/s 139(4) cannot be revised as section 139(5) provides that only Return filed under section 139(1) or in pursuance to a notice under section 142(1) can be revised [Kumar Jagdish Chandra Sinha v CIT (1996) 220 ITR 67 (SC)]
Dision = So Your return can not be revised
Note = All information given above is as per event and case mention by you answer may be different in other event and case.
Thanking you
Vinod
Recent Topics
- Capital gain on receiving office by res. Home
- CA Inter costing best faculty- Parag Gupta or Ashi
- Nps tier-2 taxation
- Query about rule 42
- ITC on Credit note updated late in GSTR3B
- TDS Remove Deductee from Challan
- Query regarding MCQ OMR
- RCM Taxable Value Wrongly Shown in March 25 GSTR -
- Tax Treatment of Consideration Received Under Irre
- ITC on Car loan processing charges
Related Threads
CAclubindia
