ITR Processed, can i file revised return?

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Hello,

 

I have filed return u/s 44AD and the same has been processed. Now i want to file as per books of accounts, so can i revise the ITR now and file with Profit and loss account and balance sheet?

 

 

Replies (16)
No, you can not revise ITR after processing

What is the option now?

No options to correct mistakes
No issues... you can file revise return. the time limit for filing revised return is end of the relevant assessment year or completion of assessment which ever is earlier. processing of ITR is not assessment. so you can revise your return
Yes. I agreed to Mr Ramakrishnan view.
Thanks Mr Raja for endorsing the view

I have filed return u/s 44AD, so can I revise and file as per profit and loss ac?

Please ignore my reply

Agree with Mr. Rama Krishnan's reply
Revision ITR means treating original ITR as non-est ITR and it'll not be considered for any proceedings under income tax act. so there's no issue if you change ITR form number

But the original one is already processed

Even if it's processed there's no issue... till the time limitation to revise ITR is not expired you can file revise your ITR any number of times

Okay thankyou so much, and one more things as I filed original u/s 44AD so declared income 300000 now as per profit and loss I'm showing 50000 in revised return... Is it fine?

Normally if there's any negative difference in total income between original and revised return, then there's possibility that your case may be selected for scrutiny

Dear Rama Sir, if I check my last years return status, it shows details or links for

1] ITR Filed : ITR-V/ Acknowledgement, XML, ITRForm

2] ITRV Received: Receipt Date, Communication Referene No., E-Mail-SMS Dates etc.

3] ITR Processing completed : Here I Have 1] Date of Order, 2] Date of SMS, 3] Date of Email 4] Refund Details 5] link to download Intimation Order u/s 143[1] i.e. Summary Assessment.

My question here is that is there any time gap between ITR Processing Completed details appearing in the status on portal and issue of order like 143[1].

I think that once order is issued then only you can see details for ITR Processing Completed.

 

 


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