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Late filing of income tax return

Manish (Accountant) (250 Points)

20 October 2016

A Individual assessee paid some tax and E-filed his ITR-4 for AY 2015-16 in first week of Oct-16. Now, he want to pay some more tax and want to revise his ITR. Can he do so? Please confirm.

Thanks in Advance.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177732 Points)
Replied 21 October 2016

"A Individual assessee paid some tax and E-filed his ITR-4 for AY 2015-16 in first week of Oct-16."

With Audit report or without it?

If with Audit u/s. 44AB, revision in this case, u/s. 139(5), is possible.

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SUNEEL KUMAR (Sr. Accounts & Finance Executive) (163 Points)
Replied 22 October 2016

Agree with Mr. Dhirajlal Rambhia

Manish (Accountant) (250 Points)
Replied 22 October 2016

Thanks Sir,

But if Audit is not applicable, then can he revise his return or not?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177732 Points)
Replied 22 October 2016

If original return filled u/s. 139(1), revision is possible. But in case of belated return filled u/s. 139(4), revision under section 139(5), not possible, unless any enquiry/communication by department. But a rectification request under section 154 is possible.