REVISED DVAT-16

[HARISH KUMAR]

WHAT IS THE TIME LIMIT TO REVISE THE RETRUN DVAT-16 OF QUARTER ENDING 30-06-2009.

AI Summary

Clarification on Revising DVAT-16 Returns: Mistakes Allow Revision Within 4 Years Under Section 28, With Specific Conditions. A query was raised about the time limit for revising the DVAT-16 return for the quarter ending June 30, 2009. The response clarified that, according to Section 28 of the Act, a person can revise the return within four years of the assessment if a mistake is discovered. If less tax was paid, a revised return must be filed within one month of discovery, along with the owed tax and interest. If excess tax was paid, an objection can be lodged against the assessment under Section 74, also within the four-year period.