Exemption u/s 54

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I have not claimed exemption u/s 54 ( not counting capital gain on house property ) . In scrutiny Can i argue to ITO that i have invested enough amount and hence not liable to pay tax ?
Replies (6)

Since You Can Not Make Argument. Whatever Claim You Want To Claim In Scrutiny Assessment Is Only By Filing Revised Income Tax Return

How ITO will allow me to file revised return ?

As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.

The problem is that I have filed return after due date u/s 139(1), is it still possible to file revised return ? 

You are not able to revised the return if you are not filed within due date

i will check it out and tell u what to do now


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