Belated Return
CA. Gurdeep Singh Chawla (C A) (7080 Points)
28 February 2008
Can belated return be revised?
5 Replies
rajesh HT B.Com.,PGDFM.,CA(F)
(Article Assistant)
(214 Points)
Replied 28 February 2008
yes , belated return can be erevised if it is so required and have reason to do so. Becouse assessing officer wil treat the belated return as equal as return filed u/S 139(1) for the purpose of revision.
Ritesh.D.jain
(CA Job)
(232 Points)
Replied 28 February 2008
No, Revised return is a new return filed by income tax assesses which corrects the
information filed earlier in the regular return is called Revised return. It is covered
u/s 139(5). A return can be revised any number of times by an assessee. A belated
return however, cannot be revised.
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 28 February 2008
Where belated return is filed u/s.139(4), assessees cannot file a revised return u/s.139(5). The provisions of sec 139(5) provide that a revised return can be filed only where a return has been furnished u/s.139(1) or in response to a notice issued u/s.142(1).
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