Revision of belated return

ITR 3756 views 6 replies

I have filed  ITR 1 as on 22nd November 2017 for the A.Y 2017-18, now detected 1 mistake, can it be revised? As it was filed after the due date i.e after 5th August.

Replies (6)
Yes... You can Upto 31st March 2019....

agreed

you may furnish a revised return (Fy 2016-17) at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. 

We can file ITR for AY 17-18 "Original Return / Original Belated return" Upto 31st March 2018... Also we can revised* the Original return and Belated return Upto 31st March 2019. Note : Amendment In Section 139(4) by Finance Act, 2016 : The above section 139(4) has been amended by the Finance Act, 2016. The amended provisions are mentioned as under : Following sub-section (4) shall be substituted for the existing sub-section (4) of section 139 by the Finance Act, 2016, w.e.f. 1-4-2017 : (4) Any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. Through the above amendment, the time limit for filing of belated return has been reduced by 1 year. Due to this, a belated return can be filed only up to the end of the assessment year. This amendment is effective from 01.04.2017. GOOD LUCK...
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Sorry I don't agree with the above...time limit for filing of belated return has been reduced till the end of assessment year but belated return cannot be revised in any condition.
Originally posted by : Amit Shrivastava
Sorry I don't agree with the above...time limit for filing of belated return has been reduced till the end of assessment year but belated return cannot be revised in any condition.

Please refer / check the following Amendment.. Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments


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