Itr related

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2013 If ITR-1 for AY 2013-14 is filed after due date but there is some mistake in ITR whether we can revised the return ?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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25 September 2013 Under section 139(1) of the Income-tax Act, it is obligatory for an individual whose total income exceeds a specified income threshold to file his tax return within the applicable due date.
Returns filed after the specified date is considered belated return..

You can’t revise the the belated return even if you discover an omission or misstatement in the tax return filed...