19 July 2012
sir, a person as a self employed tailor,he filed itr 4 in A.Y 2011-12 his income 155478,but actually earn more 35000 as brockrage, he by mistake shown 155478 in place 190478,so he want to revise return but he filed last year dated 27/11/2011 after due date, sir he can reviesed or not ?
19 July 2012
No, A belated retutn cannot be revised. Section 139(5) perimits to file a returned filed u/s 139(1) on or before the due date of filing ROI or a retutn filed in persuance of a notice u/s 142(1) for omissions and wrong statements made therein.