CAN A REVISED INCOME TAX RETURN BE RE-REVISED??
7 Replies
Amir
(Learner)
(4016 Points)
Replied 15 July 2010
Hi Akshay,
Yes, a revised return can be re-vised countless number of times before the completion of assessment of end of 1 year from the assessment year, whichever happens earlier.
CA Akshay Kumar Mishra
(Chartered Accountant )
(1784 Points)
Replied 15 July 2010
CAN ANY ONE PLS SPECIFY THE SECTION OR ANY NOTIFICATION FOR THIS???
SitaRamKiran
(Employee)
(133 Points)
Replied 15 July 2010
An assessee can file revised return as many number of times so long as it is within the limitation period and the assessee discovers any omission or wrong statement therein. CIT v Samson Distilleries(P)Ltd[2006]
Also see Sec139(5)
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 15 July 2010
| Originally posted by : sita ram kiran | ||
 |
An assessee can file revised return as many number of times so long as it is within the limitation period and the assessee discovers any omission or wrong statement therein. CIT v Samson Distilleries(P)Ltd[2006] Also see Sec139(5) |
 |
Only if original filled within time limit prescribed
Chandresh
(ARTICLE CLERK)
(69 Points)
Replied 16 July 2010
REVISED RETURN CAN BE REVISED PROVIDED THAT RETURN IS FILLED WITHIN ONE YEAR FROM THE RELVANT ASSESSMENT YEAR
CA. Anoop Gadia
(CA MBA (Finance) B.Com)
(1717 Points)
Replied 16 July 2010
yes, any one revised the return if return files under time limit of Sec. 139(1)
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