URGENT-PLEASE RESPOND

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Request an urgent response:

1) Can a Return be revised after receipt of intimation u/s 143(1),raising a Demand on the assessee?Or in other words,does the issue of intimation u/s 143(1) imply the completion of assessment by the Department?

2) Can the Return for F.Y.2008-09 (A.Y.2009-10) be revised now?(The original Return was filed on time).What is the cut-off date for revising the Return for F.Y.2008-09?

I raised this query earlier but since no one has responded,I am repeating the same.Please help.

Replies (5)

once a return has been processed it cannot be revised...that is if u hav recieved an intimation U/s 143(1) it means ur return has been processed....

there is no cut off date for revising a return the only condition is tht you file before the original return is processed...


after processing you can file a  petition U/s 154 if ur not satisfied with the order...but u cannot revise the income of assessee..

Originally posted by : Balaji



Request an urgent response:

1) Can a Return be revised after receipt of intimation u/s 143(1),raising a Demand on the assessee?Or in other words,does the issue of intimation u/s 143(1) imply the completion of assessment by the Department?

 

The Issue of Intimation u/s 143(1) does not imply for completion for assessment. Its summary assessment which doesn't mean that assessment for the assessee had been completed. The return can be revised provided the time is there and time for revision is 

 

within one year from the end of relevant assessment year or before the completion of assessment.

assessment here doesn'y meant to assessment u/s 143(1)

 



2) Can the Return for F.Y.2008-09 (A.Y.2009-10) be revised now?(The original Return was filed on time).What is the cut-off date for revising the Return for F.Y.2008-09?

before 31.3.2011 so you can't revise the return now.


I raised this query earlier but since no one has responded,I am repeating the same.Please help.
 

Originally posted by : rz's


once a return has been processed it cannot be revised...that is if u hav recieved an intimation U/s 143(1) it means ur return has been processed....

 

it is processed not assessed u/s other than 143(1) so revision time is there.



there is no cut off date for revising a return the only condition is tht you file before the original return is processed...

cut off date is within one year from the end of relevant assessment year.


after processing you can file a  petition U/s 154 if ur not satisfied with the order...but u cannot revise the income of assessee..

154 is not petition. it is rectification section

balaji as your intimation is raising a demand so instead for revision go for rectification u/s 154.

Thanks,Sahil,I've filed a rectification u/s 154 today.God willing,it should go through.Thanks for your inputs.


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