59 Points
Joined July 2017
i have not mentioned my investment incomes can I rectify my ITR for the a.y 17-18
Chartered Accountant
86505 Points
Joined April 2011
No you can't revise it now......
"Do the Right Thing...!!!"
128147 Points
Joined January 2015
Yes... You can revise your ITR for AY 17-18...
12244 Points
Joined May 2017
mr. Raja sir... a.y. 2017-18 ROI cannot be revised instead the assessee can rectify it
59 Points
Joined July 2017
means i can rectify it now or wait for new updation form of above source
12244 Points
Joined May 2017
waiting for what update? file rectification application asap before IT DEPARTMENT issues notice for the escaped income
59 Points
Joined July 2017
department already issued me a notice
12244 Points
Joined May 2017
what kind of notice?
59 Points
Joined July 2017
I have not mentioned my lntt income
"Do the Right Thing...!!!"
128147 Points
Joined January 2015
@ Mr. Ramakrishnan Sir.,
From the AY 17-18 we can revise the ITR Upto 31st March 2019 if the return is due dated or belated...
*Original/Fresh return can't file as per the date of 31st March 2018...
12244 Points
Joined May 2017
attn Raja sir.. pls go through section 139(5)
65[[5] If any person, having furnished a return under sub-section [1] or sub-section [4], discovers any omission or any wrong statement therein, he may furnish a revised return at any time before 66[***] the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.]
Chartered Accountant
86505 Points
Joined April 2011
agree with rama krishnan sir you can't revise return you can only file rectification for same..
"Do the Right Thing...!!!"
128147 Points
Joined January 2015
Dear Mr Ramakrishnan Sir.
Please be with....
Please refer / check the following Amendment.. Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments...
"Do the Right Thing...!!!"
128147 Points
Joined January 2015
What is the deadline to file belated ITR?
A belated return can be filed at any time before the end of the relevant assessment year or before completion of assessment, whichever is earlier. If you are filing a belated return for FY16-17 then you need to fill the applicable ITRs as notified for this FY only and not for any previous or later FY. The relevant assessment year for a financial year is the immediately succeeding financial year.
This means that you can file belated return for FY2016-17 by March 31, 2018 i.e. before the end of of the current assessment year (AY2017-18).
Can you revise belated tax returns?
Yes, I-T return for the FY 2016-17 and onwards filed under section 139(4), which is belated tax return can be revised. However, belated returns filed for previous financial years cannot be revised because the income tax law for this was changed from FY 2016-17 onwards.
12244 Points
Joined May 2017
I am also stating the same what you have stated ... after amendments even belated returns can be revised now but the time limit for revision has been reduced from one year from the end of relevant assessment year to "end of the assessment year or completion of assessment whichever is earlier"