revise rules for ay 1718

If any person, having furnished a return under sub-section (1) or sub-section (4), discovers any omission or any wrong statement therein, he may furnish a revised return at any time:

• Before the expiry of one year from the end of the relevant assessment year or
• Before the completion of the assessment by the Income Tax Department,

Whichever is earlier”.

So, w.e.f. 1st April, 2017, now the belated can also be revised in the same way as the returns filed within due dates are revised i.e., within 1 year from the end of the relevant Assessment Year or the assessment been made by the department, whichever is earlier.