07 December 2013
It means as if no return is filed in time and all the consequences of non filling like int, penalty etc so far as applicable to non filling shall apply.
however belated return can be filled upto 1 year from end of rel AY.
07 December 2013
can i send already uploaded return now, yes ao under 143(1) will make the intt and penalty. but as ganeshbabu said again file return than that acknowledment will be forwarded not the previous one. Is it so? I hv also discussed with other person they said u can forward this one and AO will put intt penalty under 143(1).
07 December 2013
no in my opinion previous return becomes invalid . . so you have to file return again,,you have to file revised return and then send both itr-v to cpc
07 December 2013
No, revise return can be sent only when the itr acknowledgement is duly sent to cpc,banglooru...in this case first you should send the original itr acknowldgement and then file new itr online...take a print of new itr acknowledgment and send it within 120 days from filling new return.
I have also discussed the same issue with one of my senior , he replied that if u have not sent the itr 1 within 120 days, it will be deemed as non filing of return. consequently, you need not send the acknowledgment ,instead you need to again prepare itr and upload it and that acknowledment will be filed under section 139(4) i.e., belated return. So i feel he was right. what's your opinion?
CAclubindia
