15 April 2012
Dear expert, In case of individual assessee not liable for audit, the original return for AY 2011-2012 was filed on 20-10-2011. And intimation u/s 143(1) has been received on 25-01-2012. Now due to some reasons assessee wants to revise the said return. Can he still file revise return? Please advise.
15 April 2012
Those you filed their income tax return with in the due date specified in the section 139(1) i.e for audit case assessees 30th September and for others 31st July. Or any other date specified by the CBDT for such year. So you filed your return of income as per section 139(4) not as per section 139(1) so you are not eligible to revise the return. In case you filed the revise return it would be invalid and doesn't consider.