Time limit for revised return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2011 Dear Experts in one of case there was a wrong claim of dep.(instead of 15%,30%was claimed) for the asst. year 2010-11, now shall he file the revise return? and he (assesee) has received the notice u/s 143(3) for the same asst. year

What is the time limit for filing of revise return?

Aijaz Shaikh

Aijaz Shaikh (Expert)
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04 December 2011 You should file the revised return.

Time limit is one year from the end of assessment year i.e 31.03.12