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Revise Return

naveen (CS) (214 Points)

06 July 2011

can i revise Income Tax Return F.Y. 2009-10 if refund already order already recd. actually i claimed less TDS of Rs. 15000/- while it was 24500/-

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14 Replies

Arvind Sharma (ACA) (1432 Points)
Replied 06 July 2011

Yaa.., you have option to revise upto 31-03-2012...

Sona Shalini (Chartered Accountant CS Final ) (82 Points)
Replied 06 July 2011

Revised return means that you can re-file your income tax return with some modification. If you have already filed your return for financial year 2009-10 but want to make modifications and file a new return, then the new return will be called the revised return. However, if the income tax department completes the assessment of your return earlier, then you can not file a revised return.

suman (Auditor ) (388 Points)
Replied 06 July 2011

Originally posted by : Sona Shalini
	Revised return means that you can re-file your income tax return with some modification. If you have already filed your return for financial year 2009-10 but want to make modifications and file a new return, then the new return will be called the revised return. However, if the income tax department completes the assessment of your return earlier, then you can not file a revised return.

Completly Agreed by Miss Sona Shalini.

Arvind Sharma (ACA) (1432 Points)
Replied 06 July 2011

Originally posted by : Sona Shalini
	Revised return means that you can re-file your income tax return with some modification. If you have already filed your return for financial year 2009-10 but want to make modifications and file a new return, then the new return will be called the revised return. However, if the income tax department completes the assessment of your return earlier, then you can not file a revised return.

Rightly said...

However, if you have received only intimation u/s 143(1), the return can be revised....

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 06 July 2011

Originally posted by : Arvind Sharma
	Originally posted by : Sona Shalini Revised return means that you can re-file your income tax return with some modification. If you have already filed your return for financial year 2009-10 but want to make modifications and file a new return, then the new return will be called the revised return. However, if the income tax department completes the assessment of your return earlier, then you can not file a revised return. Rightly said... However, if you have received only intimation u/s 143(1), the return can be revised....

AGREED

CA Mukesh Jain S (Chartered Accountant in Practice) (692 Points)
Replied 06 July 2011

As per section 139(5) you can revise your return up to the completion of 1 year from the end of the relevant AY or before the completion of assessment which ever is earlier.

if you have received only intimation u/s 143(1), the return can be revised....

JINESH SHAH (PRACTICING CA) (151 Points)
Replied 06 July 2011

Originally posted by : Arvind Sharma
	Originally posted by : Sona Shalini Revised return means that you can re-file your income tax return with some modification. If you have already filed your return for financial year 2009-10 but want to make modifications and file a new return, then the new return will be called the revised return. However, if the income tax department completes the assessment of your return earlier, then you can not file a revised return. Rightly said... However, if you have received only intimation u/s 143(1), the return can be revised....

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 06 July 2011

Yaa.., you have option to revise upto 31-03-2012...

Anvesh Desai (Chartered Accountant) (156 Points)
Replied 06 July 2011

you can absolutely revise it ob or before 31-03-2012

Rakesh Rao (CA Final Student) (408 Points)
Replied 06 July 2011

All the above answers are right.

Just would like to add that, it can be revised u/s 139(5) only if the Original Return was filed within Time-limit specified u/s 139(1) i.e. 31st July, 2010 in your case.

Please correct me if I am wrong!!

CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 06 July 2011

agree with rakesh and all other friends............

radhika rawat (student) (93 Points)
Replied 06 July 2011

agreed with Mr.rakesh

CA Nand Kishore (Accounts officer - Internal Audit) (49 Points)
Replied 08 July 2011

Dear Mr. Naveen,

As you said that you have received Refund Order, it means the income tax department has completed your assessment and after completion of assessment a return can not be revised.

But as there was a mistake that you under claimed the TDS amount. In that case, you can move to AO by filling an application with relevant documents that shows the mistake made in the return (i.e. less TDS claimed) and the AO, after satisfying, may pass an order u/s 154 to rectify the mistake which is apparent from record.

CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 08 July 2011

Dear Mr. CA Nand Kishore,

I here want to rectify you that Receiving of Refund Order doesn't mean that Assessment has been completed.

It might be Receiving of Intimation u/s 143(1) which can't be considered to be an assessment.........

So, he is open to revise his return as:- assessment has not yet done and also one year has not been elapsed from the end of the relevant assessment year (provided it is not a belated return as per sec. 139(4)..........

Regards,