what will be the effects, if assess files revised return after due dates, in case
1.if he voluntarily ready to pay tax
2,if he declares exempted income,which he had not declared earlier
H M Manjunath (employee) (33 Points)
07 March 2010what will be the effects, if assess files revised return after due dates, in case
1.if he voluntarily ready to pay tax
2,if he declares exempted income,which he had not declared earlier
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 07 March 2010
you can revise it. no harmful
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 07 March 2010
no problem to revise IT return......... until the assessment has been completed...........
Monika Bachhawat
(Chartered Accountant)
(211 Points)
Replied 08 March 2010
You can revise the Return, & the Revise return will replace the Old Return File.
But RETURN CAN BE REVISED ONLY IF THE ORIGINAL RETURN WAS FILED AS PER SECTION 139(1).
REMEMBER BELATED RETURN CANNOT BE REVISED