When a return is filed and later it is realised that there are some mistakes to be rectified then a revised return is filed.
Revised return can be filed irrespective of the fact whether you have filed Original return from myITreturn.com or not. Even if you have filed from outside somewhere, you can file a revised return from myITreturn.com for the respective assessment year.
To know how to revise the return, click here.
Time Limit to file the Revised Return:
Till Financial Year 2015-16 (Assessment Year 2016-17), the time limit to revise a return was earlier of:
- before expiry of one year from the end of relevant Assessment Year or
- before completion of assessment
This means that the return for Financial Year 2015-16 (Assessment Year 2016-17) can be revised only upto 31/03/2018.
From Financial Year 2016-17 (Assessment Year 2017-18), the time limit to revise a return was earlier of:
- before the end of relevant Assessment Year or
- before completion of assessment
This means that the return for Financial Year 2016-17 (Assessment Year 2017-18) can be revised only upto 31/03/2018.
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