Monday, April 19, 2010

Time Limit for Revise Return


Revised/Corrected Income Tax Return

                    If you are in need for submit of revised return, some common questions arises.

1)  Who can Revise their Income Tax Return:-
     Ans.:- An assesses who has filed his original return in time or in due period , can submit revised income tax return.

2)  Period for submission of Revised Return:-.
     Ans. :- Theoretically a return can be revised any number of times before the expiry of one year from the end of the assessment year or before assessment by the department is completed; whichever event takes place earlier.

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