Query regarding revised return

ITR 903 views 13 replies

Nikhila

ca final student

187 Points Joined July 2009

Hii This is Nikhila Vishwanath (CA Final)

one of my friend has filed his clients ITR -1 before the due date for the Assessment year 14-15 on 26/06/2014

then again he filed a revised return on 10/09/2014

now again the client has given some more information regarding his salary which he did not disclose earlier so there is a necessity to file another revised return

my query is for the purpose of filing a second revised return which return should be considered as original return in order to fill the details of original return in ITR - 1(Second revised return)

Does the revised return filed on 10/09/2014 becomes the original return ??

Awaiting your earliest response

Replies (13)

swati kedia

Chartered Accountant

37 Points Joined January 2014

u may revise the return as the original return was filed within the due date...

CA Radheshyam S. Tapade

Proprietor

26 Points Joined October 2013

Once you have revised your return of income now second time you can not file revised return of income

CA Radheshyam S. Tapade

Proprietor

26 Points Joined October 2013

Once you have revised your return of income now second time you can not file revised return of income

swati kedia

Chartered Accountant

37 Points Joined January 2014

revised return can be revised any number of time provided original return is filed within due date...

anjan

student

101 Points Joined January 2010

Yes you can file the revised return as you filed the original return with in the due date, and the revised return(1st) itself replace the original return. you need to revise the 1st revised return.

CA Rahul Sureka

V P A/c & Fin.

69 Points Joined March 2009

You may file revise return several time , since you have filed original return on time. Revised return may be file before assessment is made or before expiry of 1 year from the end of financial year in which return has been filed.

CA Dhanesh Jangid

105 Points Joined March 2012

Return can be revised several time provided original return is filled within due date. In your case u can file revise rerurn. Once revised return is filled it overrides the original return and act like original return, However in case of any technical difficulty in filling the revised return put 26/06/2014 as dateof filling of original rreturn.

Tanvi

Student

224 Points Joined October 2009

You can revise your return any number of times If the original return is filed within due date.

Guest

@ nikilika----

AS PER DHAMPUR SUGAR MILLS LTD " REVISED RETURN SUBSITUTE THE ORIGINAL RETURN FROM THE DATE ORIGINAL RETURN WAS FILLED.ON FILLING REVISE RETURN ORIGINAL RETURN IS WITHDRAWN & REVISE RETURN STEPS IN ITS SHOES."

IN UR CASE ORIGINAL RETURN IS WITHDRAWN & REVISE RETURN IS FILLED ON 26/06/14 ONLY. U CAN REVISE THE RETURN FILED U/S 139(5) ON 10/09/14 AGAIN IF U WANT ANY NUMBER OF TIMES AS DR N SHRIVASTAVA CASE PROVIDED ITS WITHIN TIME SPECIFIED U/S 139(5).

NOTE: ORIGINAL RETURN ON 26/06/14 IS WITHDRAWN.

FOR ANY SUGGESTIONS

AKHIL (IN SEARCH OF TAX EXPERTISE)

Guest

@ all members ....though u are correct but something is missing in wht u r giving as opinions...

REVISED RETURN CAN BE REVISED IF ORIGINAL RETURN IF FILED WITHIN DUE DATE SPEFIED U/S 139(1) OR

IF RETURN IS FILED LATE EVEN AFTER DUE DATE , THEN ALSO REVISED RETURN CAN BE FILED PROVIDED IT IS FILED WITHIN THE TIME SPECIFIED & IN PURSUANCE OF NOTICE ISSUED U/S 142(1)(i).

FOR SUGGESTION

AKHIL (IN SEARCH OF TAX EXPERTISE)

Saurabh Anokhchand Jain

Chartered Accountant

1148 Points Joined August 2009

Please go tru the below link... it will help you to clear your Doubts..

https://www.moneycontrol.com/tax/return/how-many-times-can-i-revisereturn_667335.H T M L

N GANESHAN.

CA FINAL STUDENT - PRACTITIONER

921 Points Joined September 2007

Since.original return is filed before the due date any no. Of revised return is.possible and the dept shall assess lost return filed. So you can fIle another revised return