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Revised return

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(Querist)
31 July 2014 Is there any penalty for revised return.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 July 2014 There is no penalty for filing revised return u/s 139(5). Remember you can file revised return only if the Original Return was filed u/s 139(1) within due date. Belated return can not be revised.

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