Revision of belated return

This query is : Resolved 

08 December 2012 I Have e-filed Firm's return belatedly i.e. u/s 139(4) in which Sec 40(b) allowable remuneration was claimed more than what is paid and omitted to fill Self Assessment Tax Details even though the tax was paid. Now i want to revised the return, is it possible or not? If possible mode of filing(e-file/manual)

Thanks and Regards in advance

Surya

08 December 2012 hi

u can revise return filed belatedly till the last date of acceptance of return expires. It is one year from the end of the assessment year.

Thanks//Vaibhav

08 December 2012 Thank you Vaibhav, But as per Sec 139(5), only return filed u/s 139(1) or in pursuance of Sec 142(1) can be revised. There is no provision allowing revision of belated return in sec 139(5). Can i file online?


09 December 2012 you can file revised return mentioning that this return is under 139(5)

10 December 2012 Mr Basu!

Thanks for your expert advise. Surely it will help others also.



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