jyoti (ACCOUNTANT) (201 Points)
22 February 2012Dear All,
i was filled an ITR-1 for F.Y. 2010-11 in the month of jan for Rs. 173327/- which is a taxable income. But any how i uploaded the return without making any provision of tax u/s 80C...
however assessee is not having enough investment to reuce the tax.... shall i reduce the income? and make revised return for the same......
please advice.... urgently....
Hemant Kumar
(Accounts Manager MBA (Fin) CMA*)
(6450 Points)
Replied 22 February 2012
| Originally posted by : jyoti | ||
 |
Dear All, i was filled an ITR-1 for F.Y. 2010-11 in the month of jan for Rs. 173327/- which is a taxable income. But any how i uploaded the return without making any provision of tax u/s 80C... however assessee is not having enough investment to reuce the tax.... shall i reduce the income? and make revised return for the same...... please advice.... urgently.... |
 |
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 22 February 2012
Yes you can reduce income by claiming deduction u/s 80C if invest is goig to reduce some tax liabilility otherwise need not to revise .
jyoti
(ACCOUNTANT)
(201 Points)
Replied 22 February 2012
actually i have considered 180000 instead of 160000 and filled nil tax return...... now i can not change the income........ but can show investments under chapter VI-A.... right na
LALIT KUMAR GANERIWAL
(accountant)
(241 Points)
Replied 22 February 2012
yes you can revise but chnce to face scutny for revise the same
Aashutosh Bhide
(Article)
(104 Points)
Replied 23 February 2012
A late return cannot be revised...............
Aashutosh Bhide
(Article)
(104 Points)
Replied 23 February 2012
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