• Can one file a revised return after assessment is done under section 143(1)

Normally a revised return should be filed before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier ie. In the case of AY 20-21, the revised return can be filed anytime on or before March 31, 2021, which is the end of that assessment year. 
If an IT return for the FY 2019-20 (AY 2020-21) is filed on time and one has also received a refund order and an intimation u/s 143(1) in January 2021. 
But subsequently on a query being raised from the IT department, Compliance portal for certain High Value transactions showing certain discrepancies, and further stating that in case there is a need to file Revised return, please upload the revised return on e-filing portal after paying due taxes.
 
So my question to you is : Can one revise the return under section 139(5) on the e-filing portal, even after receiving an intimation order under Section 143 (1) earlier ? If Yes then what is the due date? If not, then how can one revise his/her IT return for FY 2019-20 and under which Section?
Asked 3 years ago in Income Tax

Yes revise return can be filed after receiving intimation u/s 143(1). For F.Y. 2019-20, 31.03.2021 is the last date for filing of ITR.

 

I can assist you in filing of ITR.

Vivek Kumar Arora
CA, Delhi
4840 Answers
1037 Consultations

5.0 on 5.0

Hi

Yes, ITR can be revised under section 139(5) after 143(1) intimation has been received. 

 

The last date for FY 19-20 is today ie. 31st March 21.

 

We may assist you with the same.

Lakshita Bhandari
CA, Mumbai
5687 Answers
909 Consultations

5.0 on 5.0

Hello,

 

Yes, the revised return can be filed even after the issue of intimation u/s 143(1).

For F.Y. 2019-20, Today is the last date for filing of ITR.

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

5.0 on 5.0

Dear Sir,

 

Hope you are doing well !!

 

You can file the revise return in this case.

 

Today is the last day for filing the same i.e 31st March 2021.

 

We may assist you in entire procedure.

 

It is advisable to take a phone consultation for detailed discussion.

 

 

Payal Chhajed
CA, Mumbai
5188 Answers
288 Consultations

5.0 on 5.0

Hi

 

For year 2019-20  31 March 2021 i.e. Today is last day for filling return.

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

5.0 on 5.0

Hi

 

Yes Revised return can be file after receiving 143(1) intimation.

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

5.0 on 5.0

Yes you can revise return till 31.03.2021 as assessment is not yet completed.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement. You can even book phone consultation for further personal assistance.

Thank you.

Naman Maloo
CA, Jaipur
4272 Answers
97 Consultations

5.0 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA