section 264

charu chodha (Querist) 07 March 2008 This query is : Resolved
in a case tds amt. was not claimed as no tds was deducted at time of filing return but later on assessee got tds certificete for a/y for which he has filed return.so how it can be cured?time for revised return is expired....

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P.V.Poornima (Expert) 14 March 2008
An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act in respect of the number of time for which the return of income may be revised by the assessee. However, if a person deliberately files a false return he will be liable to be imprisoned under section 277 and the offence will not be condoned by filing a revised return.

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