Revise Return

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

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.

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.

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....

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               

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....

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

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

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!!

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

agreed with Mr.rakesh

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.

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,