TaxTMI 
TaxTMI 
REVISED DVAT-16
13 Sep 2010 
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Time limit to revise tax return: discovery permits prompt revision with payment of tax and interest or objection procedure.
Statutory rules permit a taxpayer who discovers a less payment to furnish a revised return and pay the outstanding tax with interest within the prescribed period after discovery; where an excess payment has been made the taxpayer must lodge an objection under the objection procedure, with the same overall limitation period applying to both corrective and objection routes. (AI Summary)
Statutory rules permit a taxpayer who discovers a less payment to furnish a revised return and pay the outstanding tax with interest within the prescribed period after discovery; where an excess payment has been made the taxpayer must lodge an objection under the objection procedure, with the same overall limitation period applying to both corrective and objection routes. (AI Summary)
WHAT IS THE TIME LIMIT TO REVISE THE RETRUN DVAT-16 OF QUARTER ENDING 30-06-2009.