Revised Return ITR 1

This query is : Resolved 

01 November 2010 Mr. X filed his salary return (ITR 1) on 19/10/2010 ie. after the due date. But after filing the return he found that his name was written wrongly on the Income Tax Return, so he filed a revised return. Is it valid? Please reply. Its urgent


Regards,
Devendra

01 November 2010 Revised return filed u/s 139(5) is not valid as Return filed u/s 139(4) i.e. belated return can not be revised.

01 November 2010 what will be the consequence?


01 November 2010 No consequence Income Tax aseesment is based on PAN is your PAN is correctly mentioned there will not be any problem. At best you can inform your AO about the mistake in ITR along with copy of acknowledgment.

07 November 2010 YOU CAN MAKE APPLICATION U/S 154 AND MAKE APPROPRIATE CORRECTIONS.



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