Revised Return

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If original return for the A.Y.2018-19 is filed in time i.e. before 31st Aug 2018 then if he filed revised return after the above mentioned date then whether penalty of Rs.1000 or 5000 will be levied or not?
Replies (8)

No 

 

Thank you sir for your reply so it means in terms of date of filing revised return replace the original return...
No the late fees is on Orginal return filing.

You can revise your return anytime before end of Assessment year or before your return is processed without any late fees.
Thank you sir for your reply so it means if return is processed and then we revised it then penalty will be levied?
penalty will be levied only if the original return is not filed within the applicable due date. once the return is processed u cannot revise it.

WHEN I WRONGLY SUBMITTED ITR2 BUT NOW I REVISED RETUN FILLED IN ITR4 SO CAN THIS IS POSSIBLE?

yes that can be possible...since u have filed before due rate... penalty will not be levied

ONE MORE QUETION  WHEN PARTNERSHIP FIRM'S NET PROFIT BELOW 8% AFTER INTEREST & REMUNERATION THEN TAX AUDIT COMPULSARY


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