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Question on filing revised it return

Tax queries 157 views 3 replies

I Read about filing Revised IT Returns Rule that say's "Revised return can be filed at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier".  What is the meanaing of "before the completion of assesment", in my case I have filed the return for AY 2015-16 before the due date, ITR V sent to IT department and then I received Intimation under Section 143 (1) which shows the IT computation by IT department unders section 143 (1). Does this mean Assesment is complete ? and i can't file revised return ?

Thanks in advance

Lingaraju

 

Replies (3)

Now un can't file return rather u can file rectificatuion by oving the reference number og f 143(1)

In Rectification is it possible to change my previous declaration on loss from house Property ? I have two Housing loan , i have declared one property as self occupied (interest component of EMI is high) and the other as Let out (Interest component is less).

Now I would like to change this declaration as the entire interest component is exempted from Tax for Let out property. Is it possible to make this change if i file Rectification ?

Yes you can go ahead


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