A return is filed for sale of commercial plot and later on it's been found out that sale value is mistakenly considered and some expenses are also not considered. Can we revise the return with correct sale consideration and claim missed expenses? Please clarify on this dear colleagues.
Yes, the correction can be made by revising return u/s. 139(5). Revised return for AY 2018-19 can be filed tlll 31.03.2019.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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