Prabeer (B. COM (H) CA & CS Final) (5484 Points)
20 December 2008Can a loss return (Income Tax Return) be revised, if files in time ???
Please provide the section which clarifies the above matter, in support of your answer.
Yashpreet
(68 Points)
Replied 20 December 2008
yes a loss return can be revised
sec 4 ref is 139(3)
it says that if a loss return is filed within a time specified u/s 139(1) then a loss return is valid and all the provisions shall apply which applies to 139(1)
139(5) says a return can be revised if it is made u/s 139(1) or 142(1)
Abhirami
(Articled Assistant)
(78 Points)
Replied 20 December 2008
s v rajesh
(Partner)
(228 Points)
Replied 20 December 2008
Even those it is a loss return it can be revised.
but subject to original return must be filed with in due date
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 22 December 2008
A loss return can be revised, PROVIDED that the original return was filed within the due date.
CA. Rajeev Aggarwal
(Chartered Accountant)
(3424 Points)
Replied 22 December 2008
Yes, it can be revised
Trupti
(CA)
(51 Points)
Replied 22 December 2008
Yes a loss return can be revised provided the original return is filed in time as per sec 139(5)
Magesh R
(Student)
(53 Points)
Replied 23 December 2008
Where the original return was filed within the due date specified u/s 139(1), then even a return of loss u/s 139(3) is deemed to be return filed under 139(1). Hence when you revise a return as per 139(5) then it steps into the shoes of the original return.. Hence it can be revised
Arvind
(Accountant)
(40 Points)
Replied 15 May 2009
Can a belated income tax return (in loss) be revised ? Please reply
Shilpa Singhal
(Student)
(65 Points)
Replied 17 May 2009
A belated return whether a return of income or Return of loss cannot be revised.
Shilpa Singhal
(Student)
(65 Points)
Replied 17 May 2009
A belated return whether a return of income or Return of loss cannot be revised.
snpathak
(income tax advocate)
(38 Points)
Replied 19 May 2009
| Originally posted by :Shilpa Singhal | ||
| " | A belated return whether a return of income or Return of loss cannot be revised. | " |
firm loss return was due in july2007 and was filed on 31-10-2007 ,can i filed revied return uptp 31-03-2009
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