30 March 2009
If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :
Provided that where the return relates to the previous year relevant to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, the reference to one year aforesaid shall be construed as a reference to two years from the end of the relevant assessment year.]
My claint sales on 2006 march agricultural land. sale agrement made 10rs but amount received 6rs in CHEQUE and the balance amount in the way of cash. income tax return Filed for 6 rs only. amount which is received RS.6 from sale the same has invested in construction of house plot and The Balance cash amount purchase of Ag land.source is not availabel for purchase of agricultural land.for that iwould like to filed revised return.
31 March 2009
Madm iam krishna morthy working in chartered Accountants office from 11 years in Hyderabad now i would like ot jion in Ca is this correct or not
CAclubindia
