Revise income tax return

Yes,as per proviso of sec 139(5) return may revised any time before expiry of 1 yr frm end of relevant assessment yr or bef completion of assessment whichever is earlier.So you can revised before 31/3/2014 provided original return was filed bef due date of filing return as provided in sec 139(1). Regards Kunal

As per sec 139(5) provisio, return may revised any time before expiry of 1 yr frm end of relevant assessment yr or bef completion of assessment whichever is earlier.So you can revised before 31/3/2014 provided original return was filed before due date as per sec 139(1)

 

Are sure sir I am talking about AY-2012-13 which I want revise today.

Yes, you may proceed to revise the return.

Dear Prasad, for AY 2012-13 return, you can revise the same till one next year of completion of assessment year. That means, you can revise the same till 31.03.2014 for AY ending 31.03.2013.

Originally posted by : Kunal Mishra
	Yes,as per proviso of sec 139(5) return may revised any time before expiry of 1 yr frm end of relevant assessment yr or bef completion of assessment whichever is earlier.So you can revised before 31/3/2014 provided original return was filed bef due date of filing return as provided in sec 139(1). Regards Kunal

Agreed with the reply given by Kunal
 

It can be revised upto 31.3.2014 or before completion of assesssment, whichever is earlier

 

 

 

Agree with babitha. But if the original return have been belatedly filed, then no revised return is possible at all ! Good luck !!