A return is filed for sale of commercial plot and later on it's been found out that sale value is mistakenly considered and some expenses are also not considered. Can we revise the return with correct sale consideration and claim missed expenses? Please clarify on this dear colleagues.
2 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 18 October 2018
In case the original ITR has been filed and you find a mistake or omission then you can file revised ITR with corrected figures.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 18 October 2018
Yes, the correction can be made by revising return u/s. 139(5). Revised return for AY 2018-19 can be filed tlll 31.03.2019.
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