If an individual (businessman) has filed his nil tax return for AY 2008-09 in March 2009, can he revise it now. Will there be any penalty for this?
3 Replies
Dinesh N
(Article)
(156 Points)
Replied 03 September 2009
No he cannot as he has filed his return after the due date i.e, after July 2008
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 03 September 2009
Belated return cannot be revised
CA Hemant Kumar
(CA, LLB (p), B.Com)
(204 Points)
Replied 03 September 2009
no he cannot file revised return as the original return has not been filed within the prescribed time limit i.e 31 july,2008
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