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REVISED RETURN

Tax queries 914 views 7 replies

CAN A REVISED INCOME TAX RETURN BE RE-REVISED?? 

Replies (7)

Yes

Hi Akshay,

Yes, a revised return can be re-vised countless number of times before the completion of assessment of end of 1 year from the assessment year, whichever happens earlier.

 

 

CAN  ANY ONE PLS SPECIFY THE SECTION OR ANY NOTIFICATION FOR THIS???

An assessee can file revised return as many number of times so long as it is within the limitation period and the assessee discovers any omission or wrong statement therein.     CIT v Samson Distilleries(P)Ltd[2006]

Also see Sec139(5)

Originally posted by : sita ram kiran

An assessee can file revised return as many number of times so long as it is within the limitation period and the assessee discovers any omission or wrong statement therein.     CIT v Samson Distilleries(P)Ltd[2006]


Also see Sec139(5)

Only if original filled within time limit prescribed

REVISED RETURN CAN BE REVISED PROVIDED THAT RETURN IS FILLED WITHIN ONE YEAR FROM THE RELVANT ASSESSMENT YEAR

yes, any one revised the return if  return files under time limit of Sec. 139(1)


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