Revised Return

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17 Points Posted on 26 January 2021

My original ITR for AY 2020-21, filed on 18/08/2020 has been processed on 26/01/2021. A notice u/s 143(1) received today by mail. However, the revised ITR u/s 139(5) submitted on 01/01/2021 for the same is not considered though it was filed before processing the original ITR and well with in time limit. Please advise the action to be taken by me.

Thank you.

K. Chandrasekhar

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On 26 January 2021 at 13:38 Report
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Quick Summary
A user filed a revised Income Tax Return (ITR) before their original return was processed, but the revised return was not considered. They received a notice under section 143(1) based on the original return. The advice given suggests that processing can take time and the revised return should eventually be acknowledged. The user has been advised to wait for the revised return to be processed and will receive a fresh assessment order.

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Chartered Accountant
24588 Points Posted on 26 January 2021
Don't need to worry processing takes time. asap processing are done authority will intimate it in portal and a fresh assessment order will be send to you
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On 26 January 2021 at 18:12
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Profession Business
28246 Points Posted on 26 January 2021
Mr.Sekhar


pls note the following


Following assumptions are being made from your statement.
1. notice received under sec 143 (1) .
2. sec 139(5) refers to the revised return .
Now if original return filed then it cannot be revised.
But there are certain ammendments made after that.
Please send a copy to my mailid in support of the same.
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On 26 January 2021 at 22:17
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17 Points Posted on 27 January 2021

Thank you both for your response. I will wait for the revised return to be processed.

 

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On 27 January 2021 at 11:16

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