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Late filling of Revised Income Tax Return

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ACCOUNTANT
60 Points Joined September 2019
Is any penalty on late filling (after due date) of Revise Income Tax return ?
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On 31 May 2021 at 13:08 Report
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partner
8 Points Joined August 2010

ALTHOUGH THERE IS NO PENALTY BUT REVISED RETURN FILED AFTER DUE DATE WILL NOT BECONSIDERED FOR REFUND OR ADJUSTMENT.

HOWEVER RECTIFICATION CAN BE FILED TO PROVE YOUR POINT

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On 31 May 2021 at 13:43
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Learner
2398 Points Joined May 2019
There will be penalty for late filing
but there will be no penalty for revision of ITR.
You can do revision of ITR any times with out any fees.
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On 31 May 2021 at 13:48
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Chartered Accountant
24588 Points Joined November 2019
No late fee will be applicable on revised return
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On 31 May 2021 at 15:09
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ACCOUNTANT
60 Points Joined September 2019

Thanks Sir,

Kindly explain/ define the word " Adjustment" ?

 

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On 31 May 2021 at 16:58

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