I got mail under 143(1) that some demand has been generated due to wrong calculations.
I want to file revised ITR but site is not working. Can anybody confirm with is the time limit by which I can file revised ITR for AY 202-21?
5 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5277 Points)
Replied 11 September 2021
There is no limit for the number of times one can file a revised return. But, once the scrutiny assessment of your return is completed under Section 143(3) of the Income-tax Act, then an individual cannot file a revised return.
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 11 September 2021
Hi Rishi Goyal
you can revise your return within one year of end of relevant assessment year or before the paasing or order u/s 143 (1)
i.e for assessment year 20-21 you can revise ITR before 31/03/22 or passing order u/s u/s 143 (1)
Rishi Goyal
(45 Points)
Replied 11 September 2021
I have already received order under 143(1) and there is error. How to correct it now?
veerendar singh
(tax consultant)
(3301 Points)
Replied 11 September 2021
After 143(1) its not possible to revise your return.
you may file an appeal or a rectification petition u/s 154
you may file an appeal or a rectification petition u/s 154
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