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Time limit for submission of revise IT return

B RAMA KRISHNA (Assistant Accounts Officer (Retd) in Electricity Department ) (106 Points)

23 February 2020

Sir
I have submitted IT return for AY 2018-19 with all income shown in 26AS and 143(1) also received.
Now that 26AS changed with some more income with TDS thereon.
Some other reason I have verified 26AS otherwise I would have not noticed change.
Now can I revise the return for getting refund only & what is time limit for revision.
Please clarify Sir

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 February 2020

What is time limit for revision...?

- For AY 18-19 the time limit is 31st Mar-19...

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SOHAN LAL (Manger Accounts & Finance) (363 Points)
Replied 23 February 2020

You can revise in case of any notice received from Income Tax Department

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Nandakumar K Konkar (Partner) (246 Points)
Replied 23 February 2020

Since time limit for revision of ITR for AY 2018-19 (of 31/03/2019) is passed, you can only wait & watch if notice is received under Sec 143(2) for understatement of income & then offer the income along-with TDS claim thereon in your response to such notice. But it is surprising that income was missed out in ITR (your post is silent on nature of this missed income), even though TDS was not reflected in Form 26AS, over which you have no control.