27 December 2009
if i file ROI in response to notice u/s 142(1)(i) but shows toatal income above maximum examtion limit [total income described in 139(1)] taht that ROI will be treated as belated return and it can not be further revised.
If i file ROI in response to notice u/s 142(1)(i) with showing income Rs100000, and now i can revise my ROI u/s 139(5). Can i revise ROI more than exemption limt say Rs300000
as per sec 139(5), a return which is filed within the time limit , that can be possible to revise. but a belated return can never be revise whether it is in response to notice under 142(1)(i)or not.
29 December 2009
but when i filed a return to response u/s 142(1)(i) it was within the time limit mentioned in notice at tat time i shown my income just rs. 100000 at that time (hence its not belated return. as return filed within time limit mentioned in notice U/s 142(1)(i)) and after words can i revise that return beyond maximum examtion limit.
CAclubindia
