Revised Return [Section 139 (5)]

(1)  In case of any Error / Omission, wrong statement in the Return, Assessee can submit Revise Return and this revised return replaces the original return

 

(2) Revised Return is allowed in the following cases

      (a) Return filed on time u/s 139 (1)

       (b) Return filed late u/s 139 (4) (Belated Return) 

      (c ) Return filed as per Notice u/s 142 (1)  (New Amendent)

 

Last date for filling Revised Return

It is same as for normal return i.e.

      One year from  End of relevant assessment year (New Amedment)

                   or

     Before completion of assessment, whichever is earlier.  

Note-

• Revised Return Substitutes Original Return from the date it is filed.[Dhampur Sugar Mills]
• Revised Return can be further revised infinite number of times [Niranjan Lal Ram Chander vs CIT)

Effect of Amendment