Revise return
This query is : Resolved
05 February 2012
Dear All,
As we all know, belated return cannot be revised. we have filed our return for AY 2011-12 on 31/12/2011. after filing the same we came to know that party forgot to provide us the details of one bank account maintained by him.(there are numerous transactions involving significant amount) Now in this case other than revised return what is best alternative?
As we all know, belated return cannot be revised. we have filed our return for AY 2011-12 on 31/12/2011. after filing the same we came to know that party forgot to provide us the details of one bank account maintained by him.(there are numerous transactions involving significant amount) Now in this case other than revised return what is best alternative?
05 February 2012
the best option would be to go for rectifcation u/s.154, since urs is a genuine case, the AO maight take a lenient view.....also in case of proceedings r initiated...u can always defend that the assesee voluntary paplied for rectification...and der was no mens-rea..i.e. criminal intent
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