Revise return after receiving scrutiny notice section 143(2)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2016
Can a person revise his return after receiving scrutiny Notice under section 143(2) ?
25 May 2016
Yes, return can be revised after the receipt of 143(2) notice.
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26 May 2016
Notice u/s 143(2) is basically sent after notice u/s 142(1) has already been sent. It means AO was not satisfied with the produced documents or may be AO has not received any documents.
If you get Notice under Section 143(2) it means your return has been selected for detailed scrutiny by your Assessing Officer.
The notice might ask you to produce documents in support of deductions, exemptions, allowances, reliefs other claim of loss you have made and provide proof of all sources of income.
If an assessee has filed his return of Income u/s 139(1) of Income Tax Act 1961 i.e. within
the due date of filing the return and if he subsequently finds that in the original return he
has committed some mistake bonafidely then he can revise his return of income u/s 139(5)
of Income Tax Act.
Time period of filing the revised return:
As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.
A notice u/s 143(2) is not an assessment order and therefore if the same is received.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
If you get Notice under Section 143(2) it means your return has been selected for detailed scrutiny by your Assessing Officer.
The notice might ask you to produce documents in support of deductions, exemptions, allowances, reliefs other claim of loss you have made and provide proof of all sources of income.
If an assessee has filed his return of Income u/s 139(1) of Income Tax Act 1961 i.e. within
the due date of filing the return and if he subsequently finds that in the original return he
has committed some mistake bonafidely then he can revise his return of income u/s 139(5)
of Income Tax Act.
Time period of filing the revised return:
As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.
A notice u/s 143(2) is not an assessment order and therefore if the same is received.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
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