revise return ( Individual )

[sanjay malviya]

Dear Expert

I have wrongly  income tax return  filled assessment year 2011-12 dated 24.04.2012 ( nil Return ) Total income ( without any deduction section under 24  & 80 c or 80 D ) Rs. 174000.00 . I am not claim any exemption like HRA , Conv. etc.  After submission of return , income tax authority assess my income any issue demand notice of Rs. 1570 ( including interest ). Please advice can I file revise return after issue of demand notice .

Thanking you

Sanjay malviya

[CAGOPALJI AGRAWAL]

Since you have filed the return late hence revised return is not possible. 

AI Summary

Revised return: cannot be filed where the original return was filed late and assessment or demand notice issued. Whether a taxpayer may file a revised return after the tax authority issues a demand where the originally filed return was a nil return despite positive income; the return was filed late and the authority issued an assessment and demand, and the advisor states a revised return is not available once the original return was filed late and a demand has been raised.