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Revised Income Tax Return

01 June 2011

I have filed Income Tax Return For AY 2011/12 before few days. I want to file Revised Income Tax Return now. Under which section I have to file Income Tax Return now

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(Guest)

As per Income tax Act,

If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, 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, whichever is earlier

The return will be filed u/s 139(4). In ITR code mentioned is 12.

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 01 June 2011

Originally posted by : YOGINI
	As per Income tax Act, If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, 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, whichever is earlier The return will be filed u/s 139(4). In ITR code mentioned is 12.

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 01 June 2011

Originally posted by : YOGINI
	As per Income tax Act, If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, 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, whichever is earlier The return will be filed u/s 139(4). In ITR code mentioned is 12.

YES CORRECT U/S 139 (4) U CAN FILE REVISE RETURN.

ishwardas (student) (27 Points)
Replied 26 July 2011

I filed IT Return on 26-07-2011 with efileing under section 11- u/s 139(1). On same day I revised efile return under section 16- u/s 139(5). Thereafter I came to know that the donation made by me to a NGO is admissible for deduction under section 80G. The said NGO have valid certificate about that. Now I want to know that ------

1) Can I file third time Income tax return by efiling to clam deduction under 80G. OR

2) Can I file third time Income tax return manually to claim deduction under 80G.

3) If answer of 1 or 2 is yes then what should be done about ITR-V of first and second efilied on 26-07-2011.

4) If I sent ITR-V to CPC Banglore can thereafter also can I file revised return manually/ efiling claiming deduction under section 80G.