Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 29 November 2022
Section 139 (5) of the Income Tax Act, 1961 allows taxpayers to file a revised income tax return if they have made mistakes in the returns which were filed earlier.
Section 139(5) states that if an assessee after filing their tax return discovers any omission or wrong statement, then he/she can furnish a revised return.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 29 November 2022
Revised Return under section 139(5) means filing an income tax return once again to rectify errors and omissions made while filing the original income tax return. You can file a Revised Return if you discover a mistake made in filing your original ITR.
For more details refer::
2. made-a-mistake-while-filing-itr-heres-how-you-can-correct-it
sabyasachi mukherjee
(26057 Points)
Replied 30 November 2022
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"