revise return after receiving notice u/s 143 (2) possible?
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....evise return after receiving notice u/s 143 (2) possible?<br> Query (Issue) Started By: - NEHA AGARWAL Dated:- 17-1-2016 Last Reply Date:- 18-1-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>Hii, one....
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.... private ltd was registered in F.Y 2013-14. Return was filled within time limit 139 (1) and not covered in Sec 44 AB.Land had been purchased in sep 2013 and such payment was made by director and regis....
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....try completed in the name of company but land could not be shown in Co's Balance Sheet in 2013-14. Now, notice u/s 143(2) has been received. Can we revise the return to incorporate land in balanc....
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....e sheet.As per sec 139(5) return can be revised one year from end of relevant assessment year or completion of assessment whichever is earlier. As receiving notice is not completion of assessment and ....
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....one year from assessment year means march 2016. Moreover return for the year 2014-15 has not been filled yet. Is there any other solution? Reply By MARIAPPAN GOVINDARAJAN: The Reply: You can revise....
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....d the return.<br> Discussion Forum - Knowledge Sharing ....