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?
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?