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It revise return

Bishwanath Shaw (Accountant) (30 Points)

23 March 2016

I was filled a income tax return of a firm is nil due to some mistake. But in actual that is a taxable return. Also return was filled after due date. Now what should be do now.

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10 Replies

CA PRATIK DHRUVE (CHARTERED ACCOUNTANT) (634 Points)
Replied 23 March 2016

Cannot be revised. Consult your income tax officer for the issue.

1 Like

Amit Kanunga (Article Assistant and Post Gradute) (644 Points)
Replied 23 March 2016

u cant revise the tax return as u have filled return after due date so it will not revise.

But u can write a letter or mail to the officer who handled ur case in department.

1 Like

manoj (student) (5205 Points)
Replied 23 March 2016

if return is filed after date you cant revise

1 Like

vipin patole (Self Employed) (72 Points)
Replied 23 March 2016

Apply for rectification u/s 154.

Abhimanyu Sharma (18 Points)
Replied 23 March 2016

No offence but improve your language skills, it is the only way you present yourself here. Will be posting some help soon.

vipin patole (Self Employed) (72 Points)
Replied 23 March 2016

This is not the way you should talk..

Abhimanyu Sharma (18 Points)
Replied 23 March 2016

Harsh truth but if its here with friends who wish to help thn he will cherish the same in outer professional world.

Mukesh Katara (Account manager) (533 Points)
Replied 24 March 2016

You cant revised the tax return because you have filled return after due date..agree with above reply consult with income tax officer

Abhimanyu Sharma (18 Points)
Replied 25 March 2016

Thanks for the query, happy holi. Now, Before all pay tax ASAP with all due interests etc. 1. Check whether ITR falls under section 139(9) which is defective return there are defects specified but that is only an illustrative list, if so, thn plz contact your AO in this regard so as to remove tht. Although I think this I not your case. 2.Coming to sec 139(4),(5) it is clear that revision is not possible. 3. Ref. sec. 154 def. of Mistake and see if your situation does fall under sec.154, if so, you can file Rectification request against intimation. 4. Sec. 263 may also be studied to see if the case falls there and CIT can revise order made. This is a mistake which we wish to crct for the benefit of revenue thus there should not be much problems else procedural issues as to how to fit in revision within the pre specified procedure. Thus I feel it is best to go for direct communication with AO, but certainly before paying all the legitimate dues.