Itr v

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2013 Dear Sir,
In one of the case I had filed return for the AY 2013-14 on 31/07/2013. However itr v of the return could not be sent till date.
Now what is the remedy in this case.
Whether I should file return again this time, if yes, then this time return would be original or it would be deemed as revised.
or
I should post the itr v of return filed on 31/07/2013 as department extends due dates for receiving itr v from time to time.

Waiting for your opinion.
Thanks.

Guest

Guest (Expert)

28 December 2013 You should revised the that return and then send to banglore..it would be considered as revised return.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 December 2013 In the given case you will have to file the return again. You will file return u/s 139 (4) I.e., belated return since original return stands rejected.

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Guest

Guest (Expert)

28 December 2013 Dear Sanjay,

Are you sure it would be a belated return.According to me it would be a revised one.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 December 2013
If the ITR V does not reach within stipulated time i.e., 120 days the return will be rejected as if no return was filed and the fresh return to be filed u/s 139 (4).

Guest

Guest (Expert)

28 December 2013 Ok thanks for updating this fact Sir.