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Time limit of revised return for ay 2019- 2020

priyatambika ( ca final student) (323 Points)

26 December 2020

what is the time limit for filling revised income tax return for ay 2019 -2020??

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15 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 26 December 2020

Actually the last date for revised return for ay 19-20 is 31st March 2020 but now it is extended to 30th November 2020

Chahat Bansal (226 Points)
Replied 26 December 2020

31 March 2020 was last date for filing revised return for AY 19-20

priyatambika ( ca final student) (323 Points)
Replied 26 December 2020

Thank you but now 30th nov has also expired.. so do any other options exist.. intimation u/s 143 (1) has also been received earlier...?

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 26 December 2020

You should try to check whether revised return is possible for that acknowledgement number which is given in intimation u/s 143(1) it might attract penalty

priyatambika ( ca final student) (323 Points)
Replied 26 December 2020

How to check that.. ? and in the return there is no demand exist.. the heading for house rent allowance was only wrongly selected which is mentioned in the intimation...

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 26 December 2020

Whether you filed under revised return in itr form ?

priyatambika ( ca final student) (323 Points)
Replied 26 December 2020

No.. this query relates to ay 2019-20 and the assessee has not revised it neither, nor responded to intimation which came on 8.12.2019..

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 26 December 2020

You should try to file revised return for that matter in itr form by selecting revised return and by indicating the intimation reference number in the return but i think penalty should be imposed

priyatambika ( ca final student) (323 Points)
Replied 26 December 2020

If the date of revised return is expired could it be corrected u/s 154?

rama krishnan (12234 Points)
Replied 26 December 2020

Revised return for a. y 2019-20 can be filed only up-to 30th November 2020. now the options left are either to file rectification under 154 or appeals before cit(appeals) or revision petition under 264 before jurisdictional CIT

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Chahat Bansal (226 Points)
Replied 26 December 2020

Since the intimation is received in December 20 therefore according to me it can be rectified if possible

Krishna Chaudhary (Accountant) (4531 Points)
Replied 26 December 2020

It's already over

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 27 December 2020

Return processed / within 31st March , whichever is earlier

priyatambika ( ca final student) (323 Points)
Replied 27 December 2020

On site there's neither 139(5) nor sec 154 is taking.. only sec 119(2)(b) is appearing.. so can anyone tell me how to download it .. it is no where appearing in site of return filling...