ITR Return Revise 2 yr old

Hello Everyone,

My dad was given a gallantry award posthumously , we have been getting family pension ever since. I  recently received a letter from my father’s department , regarding the award that he received, has been made at par with other awards such pvc ppm, and the family pension we receive will be exempted under 10(18). The letter mentions the notification dated 30 aug 2017. So, my query is , can I revise the return of previous two years, i.e. ay18-19 and ay19-20, given the fact I received the information late , which is not my fault.But Both the return have already been processed.

Thanks 

Replies (2)
Quick Summary
This discussion explores the possibility of revising Income Tax Returns (ITRs) for two years ago due to a posthumous gallantry award received by the user's father. The family pension is now eligible for exemption under Section 10(18) following a notification from August 2017. The user seeks to know if they can revise processed returns from AY18-19 and AY19-20, given the late receipt of this information, and also enquires about the difference between rectification and revision for AY18-19.

We can revise only AY 19-20...
Thanks for the reply. What is the difference between rectification and revision. Can AY18-19 be rectified?

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