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Time limit for submission of revise IT return

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B RAMA KRISHNA

Assistant Accounts Officer (Retd) in Ele

106 Points Posted on 23 February 2020

Sir
I have submitted IT return for AY 2018-19 with all income shown in 26AS and 143(1) also received.
Now that 26AS changed with some more income with TDS thereon.
Some other reason I have verified 26AS otherwise I would have not noticed change.
Now can I revise the return for getting refund only & what is time limit for revision.
Please clarify Sir

Replies (4)

Quick Summary

This discussion addresses the possibility of revising an Income Tax (IT) return for AY 2018-19 after the submission deadline. The original poster noticed discrepancies in their 26AS after filing, but the time limit for revision (31st March 2019) has passed. It's suggested that revision is only possible if a notice is received from the Income Tax Department. Otherwise, the poster may have to forgo the refund and wait for potential departmental action.

RAJA P M

"Do the Right Thing...!!!"

128162 Points Posted on 23 February 2020

What is time limit for revision...?

- For AY 18-19 the time limit is 31st Mar-19...

SOHAN LAL

Manger Accounts & Finance

363 Points Posted on 23 February 2020

You can revise in case of any notice received from Income Tax Department

Nandakumar K Konkar

Partner

246 Points Posted on 23 February 2020

Since time limit for revision of ITR for AY 2018-19 (of 31/03/2019) is passed, you can only wait & watch if notice is received under Sec 143(2) for understatement of income & then offer the income along-with TDS claim thereon in your response to such notice. But it is surprising that income was missed out in ITR (your post is silent on nature of this missed income), even though TDS was not reflected in Form 26AS, over which you have no control.