revise return

As proposed in Budget, 2016, w.e.f. 1st April, 2017, now the belated can also be revised in the same way as the returns filed within due dates are revised i.e., within 1 year from the end of the relevant Assessment Year or the assessment been made by the department, whichever is earlier. This reform gives an opportunity to taxpayers to revise, correct or incorporate any relevant data in their ITR, omitted or wrongly filed by them, even if they had filed their ITR belated.