Revised return

An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act in respect of the number of time for which the return of income may be revised by the assessee. However, if a person deliberately files a false return he will be liable to be imprisoned under section 277 and the offence will not be condoned by filing a revised return.

As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.  Thus return of A.Y 2011-12 can be revised till 31st March 2013 or before the completion of the assessment whichever is earlier.

A return filled u/s 139(4) i.e belated return , cannot be revised u/s 139(5)..

Originally posted by : Abhirup Kar
	A return filled u/s 139(4) i.e belated return , cannot be revised u/s 139(5)..

Agreed.
 

Return filed on 5th Feb, 2012 is a belated return u/s 139(4)....it can't be revised in any case....

Revised Return Sec.139(5)

Only return filed u/s.139(1) or in pursuance of notice u/s.142(1) can be revised

If assessee discovers any bonafide(genuine) error or omission in his original return filed.

Return filed on 05.02.2012 ===== Belated return u/s 139(4)  ---- it can't be revised.

Regards

A return of income can be revised only if he filed ROI on due date so therefore return can not be revised.

Agree with experts...

Late return cant be revised....

AGREED THAT A RETURN FILED AFTER DUE DATE OR TIME GIVEN U/S 142,CAN NOT BE REVISED.

Thanks All of You for the participationa and input.

Thanks Again

This is a belated return and cannot be revised

Belated return connot reviesed in any case.