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Revision of belated return

SAMAR KAPOOR (student) (46 Points)

06 December 2017

I have filed ITR 1 as on 22nd November 2017 for the A.Y 2017-18, now detected 1 mistake, can it be revised? As it was filed after the due date i.e after 5th August.

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 December 2017

Yes... You can Upto 31st March 2019....

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CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 06 December 2017

agreed

you may furnish a revised return (Fy 2016-17) at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 December 2017

We can file ITR for AY 17-18 "Original Return / Original Belated return" Upto 31st March 2018... Also we can revised* the Original return and Belated return Upto 31st March 2019. Note : Amendment In Section 139(4) by Finance Act, 2016 : The above section 139(4) has been amended by the Finance Act, 2016. The amended provisions are mentioned as under : Following sub-section (4) shall be substituted for the existing sub-section (4) of section 139 by the Finance Act, 2016, w.e.f. 1-4-2017 : (4) Any person who has not furnished a return within the time allowed to him under sub-section (1), may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. Through the above amendment, the time limit for filing of belated return has been reduced by 1 year. Due to this, a belated return can be filed only up to the end of the assessment year. This amendment is effective from 01.04.2017. GOOD LUCK...

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Pardeep Garg (CA-Final Student) (801 Points)
Replied 07 December 2017

👍👍👍👍👍👍👍

Amit Shrivastava (7 Points)
Replied 07 December 2017

Sorry I don't agree with the above...time limit for filing of belated return has been reduced till the end of assessment year but belated return cannot be revised in any condition.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 07 December 2017

Originally posted by : Amit Shrivastava
	Sorry I don't agree with the above...time limit for filing of belated return has been reduced till the end of assessment year but belated return cannot be revised in any condition.