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Revise income tax return
Can firm income tax return as on 31.03.2012 can be revised before 31st july 2013(as on today) our CA told me that it cannot be possible. We have to revise before. 31.03.2013. Is it correct?
Replies (8)
Yes,as per proviso of sec 139(5) return may revised any time before expiry of 1 yr frm end of relevant assessment yr or bef completion of assessment whichever is earlier.So you can revised before 31/3/2014 provided original return was filed bef due date of filing return as provided in sec 139(1).
Regards
Kunal
As per sec 139(5) provisio, return may revised any time before expiry of 1 yr frm end of relevant assessment yr or bef completion of assessment whichever is earlier.So you can revised before 31/3/2014 provided original return was filed before due date as per sec 139(1)
Are sure sir I am talking about AY-2012-13 which I want revise today.
Yes, you may proceed to revise the return.
Dear Prasad, for AY 2012-13 return, you can revise the same till one next year of completion of assessment year. That means, you can revise the same till 31.03.2014 for AY ending 31.03.2013.
| Originally posted by : Kunal Mishra | ||
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Yes,as per proviso of sec 139(5) return may revised any time before expiry of 1 yr frm end of relevant assessment yr or bef completion of assessment whichever is earlier.So you can revised before 31/3/2014 provided original return was filed bef due date of filing return as provided in sec 139(1). Regards Kunal |
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Agreed with the reply given by Kunal
It can be revised upto 31.3.2014 or before completion of assesssment, whichever is earlier
Agree with babitha. But if the original return have been belatedly filed, then no revised return is possible at all !
Good luck !!
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