Husband and wife filed ITR's for AY 15-16 in March, 2016
Those returns were riddled with mistakes, hence revising them both NOW..
Also filing returns for AY 16-17 at the same time.. NOW
The time gap of 6 MONTHS required for HOME LOANS FROM BANKS between filing of two ITR's is considered from ORIGIONAL ITR to ORIGINAL ITR or from REVISED ITR to Current year ORIGIONAL ITR????
Please do let me know... Thanks in advance..
Time gap of 6 months is MANDATORY??
Section 139 (4) allows to file before the expiry of one year from the end of relevant assessment year.
AY. 2015-16 Return can be filed up to 31st March 2017 belatedly.
But I can still apply for rectification under section 154
| Originally posted by : Prashant Sharma | ||
 |
Yes, you can apply for rectification. |  |
Thanks a lot Sir! Can the assessee change the nature of business in rectification? Wrong business code was entered in the ITR
Time between Last 2 Returns should be SIX MONTHS
It depends on the Bank Manager. He Can sanction loan though the two Itr are filed on same date.
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