Revised return after intimation u/s 143(1)

YES, IF TIME LIMIT U/S 139(3) IS NOT EXPTRED.

Yes, if return if filed within due date.

Yes as explained in earlier post of similar forum,

Return is filed u/s139(1) and if the return is filed within time limit given then revised return can be filed u/s 136(5)

Now coming to the technicality,

Intimation is received, its not an assessment, so the return can be revised.

The reasons you have not specified for revising the return.

If there is a MISTAKE APPARENT on RECORD only then the return can be revised. you can not bring things which were remained to be disclosed in the original return.

So until and unless you give us the reasons it is hard to decide that you can file a revised return or not.

But pending which you can file revised return even after receiving the intimation u/s 143(1)

Originally posted by : jignesh mehta
	Yes as explained in earlier post of similar forum, Return is filed u/s139(1) and if the return is filed within time limit given then revised return can be filed u/s 136(5) Now coming to the technicality, Intimation is received, its not an assessment, so the return can be revised. The reasons you have not specified for revising the return. If there is a MISTAKE APPARENT on RECORD only then the return can be revised. you can not bring things which were remained to be disclosed in the original return. So until and unless you give us the reasons it is hard to decide that you can file a revised return or not. But pending which you can file revised return even after receiving the intimation u/s 143(1)

YES THIS IS A COMPLETE ANSWER.

I ALSO WRONGLY QUOTED SECTION IN MY REPLY, BUT CORRECT SECTION IN THIS CASE WILL BE SEC.139(5).

If return is filed within time limit {u/s 139(1)}, the assessee discovers any omission or any wrong statement, he can furnish revised return u/s 139(5) rather than u/s 136(5) {as quoted above}.

Yes, Revised return can be filed after intimation u/s 143(1), but before the assessment is made.

You might be exposed to penalty for concealment of income in the oroginal return in case a revised return is filed after intimation under 143(1) is received.

in which section ?

@ Dipjyoti please quote in which section penalty will be imposed ???

271(1)(c)

yes true, but inspite of this, there is no restriction in that section to file revise return.

if you hire a professional there are chanses that you escape penalty