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Sreshtha Malik   16 November 2021

income tax

need some case law in favour of this. -

An assessee can revise the return of income even after assessment order has been passed under the Income Tax Act.

As a background, under the income tax law, there is is a specific time limit within which a return of income declaring the income can be revised by a person.


Learning

 2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     16 November 2021

In Budget 2021, the government announced that it has reduced the time to file revised ITR by three months. Till FY 2019-20, an individual was allowed to file ITR till March 31 of the relevant assessment year. However, from FY 2020-21, the last date of filing revised ITR is December 31 of the relevant assessment year.

G.L.N. Prasad (Retired employee.)     17 November 2021

The simple way is to file an online RTI Application of Rs.10/- and get that information you want from the Income Tax dept itself.

Information solicited:

1. Please provide me the copy of the clause/excerpt/notification that states the time frame within which a return of income declaring the income can be revised by a person after the assessment order was passed under the IT Act.

 


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