Revised Return for23-24

For 23-24 AY I have filled Revised Return shall I file again Revised Return since some income have not shown. is it possible.
Replies (4)
Quick Summary
If you've filed a revised return for the 23-24 assessment year and realised some income was missed, you may be able to file another revised return. However, this is subject to specific tax laws and time limits, which often restrict the number of revisions allowed. It's advisable to file promptly, especially as the deadline to file a revised return is 31st December 2023.

No not required
Yes, You can file.

Whether you can file another revised return for the assessment year 2023-24 depends on the tax laws and regulations in your jurisdiction. In many countries, there are restrictions on the number of times you can file a revised return. Typically, taxpayers are allowed to file a revised return within a certain time frame from the original filing date.

Here are some general points to consider:

  1. Time Limit for Revised Returns: Tax authorities often specify a time limit within which a revised return can be filed. Once this time limit expires, you may not be allowed to make further revisions.

  2. Reasons for Revision: The ability to file a revised return is usually allowed to correct errors or omissions. If you have a legitimate reason, such as discovering additional income that was not initially reported, it may be possible to file another revised return.

    For further more detailed information on this topic visit: GST Return Provisions Under Revised Model GST Law

    To read more such trending content, visit Swipe Blogs.

Pls file on priority before 31.12.2023 last date to file revised return

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