Revise Return

dear sir, i want to revise. income return for AY 2019-20 So penalty is applicable or Not.
Plz do the needful.
Replies (4)
Quick Summary
You can revise your income tax return for Assessment Year 2019-20 without incurring a penalty. The deadline for filing a revised return without penalty has been extended to 31st July 2020. This is due to a recent notification from the CBDT, confirming that no penalty will be applicable if the revised return is submitted by this date.

NO PENALTY UPTO 31ST JULY.
DATES EXTENDED
Yes, you can revise return without penalty as date extended upto 31.07.2020
According to a recent notification by CBDT dtd 24.06.2020, penalty is not applicable if revised return is filed by 31st July 2020 for AY 2019-20
Yes, you can revise return without penalty/late fee as date extended upto 31.07.2020

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