Belated return

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 September 2011 My tax consultant has filed belated return but he forget to take tax amount in return.He had revised return. can belated return revised ? can any penalty or notice issued by IT department? what is the result of this?

29 September 2011 Belated return filed u/s 139(5) cannot be revised.

30 September 2011 Agree with Sheetal that Belated Return U/s 139(4) can't be revised as per sec 139(5). Further you will loose the benefit to C/f Losses and depreciation to subsequent years for set-off.

Please ask with your tax consultant, how revision of belated return made?





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