Rectification in income of income tax

Dear,

As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.  Thus return of A.Y 2014-15 can be revised till 31st March 2015 or before the completion of the assessment whichever is earlier.

In order to revise your return you should file a revised return (electronically if original return was filed electronically) on or before 31st march 2015 stating correct particulars of your income.

Thanks.

Please note that , you can not revise the return if assessment is over on your return..

Thanx for your valuable suggestions.

hello ,

      if  you have filed it mannually then you can file revise return mannually also ,because we donot know  whether assessment had completed or not .presuming by this way you would have inflated income return in your hand to meet home loan requirement .