How many times a revised return can be filed under sec 139(5)?
7 Replies
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 08 August 2011
There is no limit of revised retrun under sec. 139 (5),
Rashmi S
(Article Assistant)
(47 Points)
Replied 08 August 2011
can it be a file 'n' no of times sir?
VIJAYKUMAR
(CHARTERED ACCOUNTANT)
(203 Points)
Replied 08 August 2011
You can file revised return as many as you can.But the original return should be filed within due date u/s 139(1).The time limit for filing revised return is 1 year from the date of original return.
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 08 August 2011
yes it can be file n no. of time
(Guest)
If any person has furnished a return u/s 139(1) or in pursuance of a notice issued u/s 142(1) and such person has discovered any bonafide error or wrong statement , he may furnish a revised return at any time before expiry of one year from the end of relavant assessment year .
An assessee is allowed to revise the return of income any number of times , however , if the earlier return has already being assessed , revised return shall not be allowed.
Narendra Nath
(CS,CWA,)
(37 Points)
Replied 08 August 2011
a RR can't revised after assement is compleated by dept., only it can be revised n no of time before the assement is done by dept.,
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