Revise return

Efiling 665 views 5 replies

I have filed original e filing return before due date.Now I realised short term capital loss has been understated due uavailability of report from broker.Amount is substantial and actual a included in long term cap loss.Now I want to revise that return.Can be treated as original if I do not send e filing acknowledement to Bangarole center? Is there is any issue or delay in refund in revise return as per 134(4),if any?

Replies (5)

Dear,

You can revise your return and after that revised return will be assessed not original. 

It is advisable that if any mistake has happened in the original return then revised return should be filed before any action on the mistake is taken by the AO to escape penalty u/s 271(1)(c).

you should revised the return and need to send ITR V acknowledgement only for the Revised return.

your revised return shall be processed as original return.

Shall I mention orginal or revise in revise return before acknowledement copy send?

Yes, you have to file the return as revised.

(mark the "Revised" option in the type of return  menu).


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