I T return

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nayana

nayana (Querist)
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29 July 2008 whats the fees for filling revised return.and time.

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
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31 July 2008 INCOME TAX DEPARTMENT DOES NOT CHARGE ANY FEES FOR FILING RETURNS

A RETURN CAN BE REVISED ONLY IF THE ORIGINAL RETURN WAS FILED ON DUE DATE.

SECTION 139(5) STATES AS UNDER:

5) 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 :