Revised return

This query is : Resolved

Debabrota Roy (Querist)
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03 October 2015 i FILED BELATED RETURN ON 10/03/2015 FOR A.Y.2014-15. AFTER FILLING THE RETURN SOME INCOME WAS NOT SHOWN IN THE SAID BELATED RETURN . NOW I WANT TO SHOW THE TRUE INCOME AND WILL PAY THE DUE TAX , WHAT IS THE WAY OF PAYING REMAINING TAX AND SUBMIT REVISED RETURN TO AVOID PENALTY U/S271(1)(C).PLEASE HELP ME TO GET OUT OF THIS PROBLEM

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)
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04 October 2015 Revised return can be filed only when the original return was filed within the due date. In your case, as you have filed the original return belatedly, this option of filing revised return for that Asst year is NIL.If you are so concerned to file a return declaring all your income for that Asst year, you can go to the assessing officer of concerned jurisdiction and get from him a notice U/s148. Or else leave it like that.