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Time Limit for filing revised return

Vidya (Student) (789 Points)

07 August 2008

I want to file a revised return for the AY 2007-08 [FY ended 31-03-2007], for a company assessee.

Please let me know the time limit available for filing a revised IT retrun, if any.

Thanks in advance

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3 Replies

parthasarathy (Practising, C.A) (188 Points)
Replied 07 August 2008

Originally posted by :Vidya
"	I want to file a revised return for the AY 2007-08 [FY ended 31-03-2007], for a company assessee. Please let me know the time limit available for filing a revised IT retrun, if any. Thanks in advance	"

hi,

as per incometax, if your original return of incom has been filed within due date in the relevant assessment year, then the revised return can be filed within one year from the end of the relevant assessment year, i.e in your case, you have time to file your revised return - 31.03.2009.....( your relevant assessment year ends on 31.03.2008...and one year from that date is....31.03.2009).......

have a nice day.

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kalpana hegde (chartered accountant) (32 Points)
Replied 08 August 2008

If one person who is mnc employee TDS has been deducted properly but not filing the returns during this year and last 3yrs , Can he file the returns now If any claim to refund is there during 3 yrs what will be cosequence? can anybody pz explain