Section 139(5) of the I-T Act

This query is : Resolved

TARIQUE RIZVI (Querist)
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18 January 2020 Respected Sir,

What is the definition of Section 139(5) of the I-T Act ? As in which situation support of Section 139(5) of the I-T Act is taken ? Please guide me and oblige.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 January 2020 Section 139(5) of the I-T Act states that after filing their return, if someone discovers any omission or wrong statement, he can furnish a revised return. Revised return allows you to rectify the error or omission of facts made at the time of filing your original ITR

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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19 January 2020 Respected Raman Sir, Rgds to you, The ITR has been filed in Oct 2019 after the due date whether even in such case the return can be revised u/s 139 (5).

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 January 2020 Yes it can be revised.