Specific Query on- Revised Return for F.Y. 2007-08

 Mr. Kumar,

You can revised your IT return upto 31/03/2010 and you can change the IT form too, but at the time of assessment you have to satisfied the A.O. for the reason of change of the respective IT forms

Thankyou sir.

Will It be compulsarily picked for scruitiny? Suppose STCG amount is 8000 rs only. How much penalty/intrest i have to pay while filing ITR2.

regards.

Mr kumar ,

you can file return upto 31.03.10 i.e one year from the expiry of A/Y or before the assessment made by A.O whichever is earlier.

and also in regard of your another query  you can submit revised return by using ITR-2

How to know whether assesment is completed by A.O. or not.

Mr Kumar, your return is for AY 2008-09 and filed the original return within due date. Hence you are entitled to revise your return by 31-3-2010. In your case had your return been picked for scrutiny, you would have received notice u/s 143(2) by 30-9-2009. If you have not received any such notice, rest assured your case has not been picked for regular scrutiny. Anyway, there is nothing wrong in honestly paying your due taxes. So go ahead and file the revised return.