16 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195029 Points)
Replied 21 May 2018
Yes till march 2019, or before final asessment.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 21 May 2018
A return can be revised at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
so you can not
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195029 Points)
Replied 22 May 2018
| Originally posted by : CA MAYUR TODMAL | ||
 |
A return can be revised at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. so you can not |
 |
The amendment is effective from AY 2018-19, but the query is for AY 2017-18.
Refer: Page 10 para 22.......... as follows:
" ............Any return filed U/s 139(1) or U/s 139(4) for assessment year 2017-18 can be revised at any time before expiry of one year from the end of relevant assessment year or before completion of assessment whichever is earlier so any return filed for A.Y. 2017-18 U/s 139(1) or 139(4) can be revised upto 31-3-2019. And w.e.f. A.Y. 2018-19 any return filed U/s 139(1) or 139(4) can be revised before the end of relevant assessment year or before completion of assessment whichever is earlier. So return filed for A.Y. 2018-19 on 25-7-2018 or 25-9- 2018 or on 25-11-2018 can be revised upto 31-3-2019 only." ........ from the attached " Important changes ..... Finance Act, 2017.
Oh! missed.. the file attached in next post.....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195029 Points)
Replied 22 May 2018
| Originally posted by : rama krishnan | ||
|
no, Dhiraj sir, a.y. 2017-18 cannot be revised now | |
My Dear........ Read: Page 21 of incometaxindia.gov.in/budgets/2017
" In order to expedite assessments of the Department as proposed above, it is critical that the returns for an assessment year also freeze by the end of the assessment year. It is hence proposed to amend the provisions of sub-section (5) of section 139 to provide that the time for furnishing of revised return shall be available upto the end of the relevant assessment year or before the completion of assessment, whichever is earlier. These amendments will take effect from 1st April, 2018 and will, accordingly apply in relation to assessment year 2018-19 and subsequent years"
Also from attachment...... Page 10 para 22........
Attached File : 1648935 20180522114516 592004b8e379b.pdf downloaded: 188 times
rama krishnan
(12244 Points)
Replied 23 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195029 Points)
Replied 26 May 2018
| Originally posted by : rama krishnan | ||
|
Dhiraj sir small correction in your interpretation... the amendment not takes effect from a.y. 2018-19 instead takes effect from 01/04/2018. so after 01/04/2018, no revised return can be filed for a.y. 2017-18 | |
Sorry to say....... cannot accept the interpretation after practically confirming the issue by filling a revised return today....... the details are as follows:
ITR submitted successfully
Your Return has been successfully uploaded and the Transaction ID is: xxx4357707
An e-mail confirming the successful submission of your Return along with the Acknowledgment number and ITR-V has been sent to xxxxxx @ gmail.com
Click Here to download ITR-V.
Please send the verified and signed ITR-V to the Income-Tax Department by ordinary post OR speed post ONLY within a period of 120 days from the date of transmitting the data electronically.
Address
Centralized Processing Center,
Income Tax Department,
Bengaluru - 560 500
On receipt of ITR-V, your Return will be sent for Processing.
You can also view/print/download the ITR-V and other details of your returns by logging into e-Filing portal.
Alternatively, the return can also be e-Verified. Please refer the EVC User Manual in Help Section of e-Filing Portal.
Details on e-filling site for the ITR filed are as follows::::
B … 2017-18 …. ITR-4 ..... 26/05/2018 Revised ….. xxxxx0750260518 … ITR Filed….. e-Verify
Website Policies | Accessibility Statement | Site Map Copyright @ Income Tax Department, Ministry of Finance,Government of India. All Rights Reserved 1 D
rama krishnan
(12244 Points)
Replied 26 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195029 Points)
Replied 26 May 2018
| Originally posted by : rama krishnan | ||
|
Dhiraj sir just now I too tried to file revised return of my own (for testing). surprisingly it accepted the revised ROI. I'm an income tax employee and we have advertised from Jan to march 2018 that no belated or revised returns can be filed for A.y 2017-18 beyond March (obviously based on board's circular). here in our office software also it didn't allow to enter revised return for a.y. 2017-18. then how e-filing portal accepts ? confused | |
Dear.......
If the department's employee.......... and as such the department (as of board's circular) as a whole is confused because of sub-standard utilities, then............ Just think of the problems of general tax payers and the professionals.........
Can you estimate the mental tension these people are going through, without proper guidance from the department/ helpline/standard utilities......... etc.... & in case of any fault or delay from other end....... department is ready with its hammers like interest, fine, penalties, and what not........
Don't want to say anything more......... Just think of the sufferings of legitimate but helpless citizens.......
God Bless us all......
rama krishnan
(12244 Points)
Replied 26 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 26 May 2018
| Originally posted by : rama krishnan | ||
|
Dhiraj sir just now I too tried to file revised return of my own (for testing). surprisingly it accepted the revised ROI. I'm an income tax employee and we have advertised from Jan to march 2018 that no belated or revised returns can be filed for A.y 2017-18 beyond March (obviously based on board's circular). here in our office software also it didn't allow to enter revised return for a.y. 2017-18. then how e-filing portal accepts ? confused | |
Dear.,
No need any surprise in this regards...
Bcoz.,
It's also available. But, You are not accepted the changes..
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 26 May 2018
| Originally posted by : Dhirajlal Rambhia | ||
|
Originally posted by : rama krishnan Dhiraj sir just now I too tried to file revised return of my own (for testing). surprisingly it accepted the revised ROI. I'm an income tax employee and we have advertised from Jan to march 2018 that no belated or revised returns can be filed for A.y 2017-18 beyond March (obviously based on board's circular). here in our office software also it didn't allow to enter revised return for a.y. 2017-18. then how e-filing portal accepts ? confused Dear....... If the department's employee.......... and as such the department (as of board's circular) as a whole is confused because of sub-standard utilities, then............ Just think of the problems of general tax payers and the professionals......... Can you estimate the mental tension these people are going through, without proper guidance from the department/ helpline/standard utilities......... etc.... & in case of any fault or delay from other end....... department is ready with its hammers like interest, fine, penalties, and what not........ Don't want to say anything more......... Just think of the sufferings of legitimate but timid citizens....... God Bless us all...... |
|
Thank You for Your Wishes Sir...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195029 Points)
Replied 26 May 2018
| Originally posted by : rama krishnan | ||
|
confusion is on the part of E-FILING portal that how it allows revised return for a.y. 2017-18 when the act is clear on account of revised return. upto 31/03/2018, belated returns and revised returns can be filed within one year from the end of the relevant a y whereas from 01/04/2018, belated returns or revised returns has to be filed within end of the relevant a.y . then it means, a revised return for a y 2017-18 supposed to be filed after 01/04/2018, can't be filed bcoz it's Beyond the time limit.. | |
Whether the confusion is in E-filing portal, or the interpretation of the act by department or its employees..... that is totally different aspect now......
But whenever any such confusion arise, I go with ICAI material/clarification; and the similar approach I suggest to others. And one of such interpretation was provided in the attached file. (of my earlier post).
Secondly, if it be true, then there will be charge over department itself, as acting against law and creating one more confusion rather than solving any, which ICAI has already pointed out in writing about their list of confusions. (For your reference attaching herewith again.)
And as suggested by our respected PM::: till such time department gets equipped with well standard utilities, spare the innocent citizens from unnecessary hardship and penalties. God Bless India.
Attached File : 1648935 20180526172540 suggestions of icai relating to direct taxes 2018.pdf downloaded: 167 times
Recent Topics
- Impact on project cost
- Register as representative for deceased
- OLD SILVER PURCHASES
- Best CA coaching in Delhi
- Takeover of Partnership firmmm
- Intra Day loss carry forward
- Prepaid Expenses in IT on which GST already paid
- OCI ( Overseas Citizen of India ) Tax Residency wh
- How to Apply for a PAN for a Company's Gratuity Tr
- DPT3 Form Acceptance of Deposit] Rules and unliste
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
