Revised vs Updated return
Abinash Panda (80 Points)
20 February 2023What is the difference between a revised return and an updated return ? kindly explain .
Abinash Panda (80 Points)
20 February 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182806 Points)
Replied 20 February 2023
Revised return filed under sec. 139(5) of IT act without any penalty, but within due date, generally by end of December of the AY.
Updated return can be filed up to end of 2 years from the end of relevant AY u/s. 139(8A) of the act, with interest and penalty.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 February 2023
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)