Difference between Rectification u/s. 154 & Revised Return u/s. 139(5)

[Brijesh Choudhary]

Dear Professional colleagues

Can anybody please guide me about the difference between Rectification u/s. 154 & Revised Return u/s. 139(5).ie., when sould one go for Rectification u/s. 154 and when to take remedy under Revised Return u/s. 139(5).

Thanking you in anticipation.

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CA. Brijesh Choudhary

[CA Dinesh Kumar Ostwal]

Hi Brijesh

 

Revised return can be filed provided Assessment is not over or the return is not processed and the original return was filed in time.

Rectification is filed if the return is processed/assessment is over to rectify mistake apparent on record. 

 

CA Dinesh kumar ostwal

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