basundhara (SE) (24 Points)
19 July 2010Intimation u/s 143
Hi,
I did a mistake [gender :) ]because of which, the summary calculated by AO is different that what I had filed. How do I rectify this now?
Second, if I have to file a correction for AY 2009-2010 how do I do it? is there any online option available.?
I thank you for the time spent on this query.
Himanshu
(Article Trainee)
(97 Points)
Replied 19 July 2010
Revised Return
An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act in respect of the number of time for which the return of income may be revised by the assessee. However, if a person deliberately files a false return he will be liable to be imprisoned under section 277 and the offence will not be condoned by filing a revised return.
Kamal Jain
(FCA)
(200 Points)
Replied 18 September 2010
If u are ok with the calculation made by AO, u need not do anything. No rectification is required unless it is asked for by the AO.
Revised Return already explained by Himanshu.
CAclubindia
