Student CA Final
386 Points
Joined February 2014
Hello, FRiends
In case you have filed your Income Tax Returns before the due date of filing of Returns u/s 139(1) but later realised that there was any omission or mistake in filing your Income Tax Return, you need not worry as you can always file a Revised Return of Income Tax under section 139(5) stating the correct particulars.
Revised Return of Income Tax can be filed by an assessee any time before the expiry of 1 year from the end of the
Relevant Assessment Year or before the completion of assessment (whichever is earlier)
A Belated Return filed u/s 139(4) cannot be revised as section 139(5) provides that only Return filed under section 139(1) or in pursuance to a notice under section 142(1) can be revised [Kumar Jagdish Chandra Sinha v CIT (1996) 220 ITR 67 (SC)]
Dision = So Your return can not be revised
Note = All information given above is as per event and case mention by you answer may be different in other event and case.
Thanking you
Vinod