Can we revise return after the return has been "processed" & intimation u/s 143(1) has received for FY 19-20 ie AY 20-21??
And if not, then Pls suggest the way to claim the amount of deduction which was not been able to claim in return.
7 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 May 2021
Yes you can. the last date is 31st May 2021.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 May 2021
Yes you can revise the return before 31.5.21
Sivaramaraju G
(Learner)
(2398 Points)
Replied 25 May 2021
Of course you can go for revision. because intimation under sec143(1) doesn't amount to assessment.
one should file revised return before the expiry of time limit for revision or assessment by A.O. which ever is earlier.
here no assessment made and you have time limit till 31.05.21.
go for revision with out thinking.
one should file revised return before the expiry of time limit for revision or assessment by A.O. which ever is earlier.
here no assessment made and you have time limit till 31.05.21.
go for revision with out thinking.
Pushpraj
(student)
(186 Points)
Replied 25 May 2021
With reference to sec 139(5), where it is clearly mentioned "return can be revised any time before the end of relevant assessment year or assessment, whichever is earlier".
Aren't it contradict it? Because I have also received the demand.
Aren't it contradict it? Because I have also received the demand.
Sivaramaraju G
(Learner)
(2398 Points)
Replied 25 May 2021
You received Demand notice because your IT Return has been processed, Processing of return is not an assessment order as per the act.
Coming to end of relevant assessment year, govt has extended the date till 31.05.2021 from 31.03.2021. there is no contradiction.
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