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Revision of ITR

Nidhi M (account manager) (51 Points)

13 June 2018

can i revise ITR filed for AY 1718?
ITR was filed before due date and now i want to revise it in any way possible.... please suggest

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10 Replies

GST Consultant (Tax Consultant) (894 Points)
Replied 13 June 2018

yes, it can be revised because the return is filed before due date......as per income tax provision return can be revised within one year from the end of relevant assessment year.
meaning thereby you can revise your return for AY 1718 on or before 31st March 2019.

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Y GOPI REDDY (GREAT POLITICAL LEADER) (378 Points)
Replied 13 June 2018

Not possible to revise u/s 139(5)
May be possible If notices were sent to you

Nidhi M (account manager) (51 Points)
Replied 13 June 2018

reference section ?

GST Consultant (Tax Consultant) (894 Points)
Replied 13 June 2018

section 139(5) of income tax act 1961

Nidhi M (account manager) (51 Points)
Replied 13 June 2018

under 139(5) as per amendment wef 1.4.18 revise return can be furnished till the end of the relevant AY.... but it is effective from 1.4.18... so if i want to revise the return of AY 1718 than old provision should be applicable right ? which says that revise return can be furnished within one year from the end of the relevant AY..

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GST Consultant (Tax Consultant) (894 Points)
Replied 13 June 2018

I already said in above comment that in your case return can be revised, please refer my above comment

yadav jee (2 Points)
Replied 14 June 2018

if a family have 3 earned members .first salary is 204000 per year, second salary is 216000 per year , and third salary is 18000 per year.
And this family not give income tax .
then..I want to know this is right or wrong