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Revised Return

What is meant by Revised Return? When can a Revised Return be filed?

Revised return means that you can re-file your income tax return with some modification. If a person has already submitted his return of income and subsequently he discovers any omission or wrong statement therein, he may furnish a revised return for any previous year at any time before the expiry of 1 year from the end of the relevant assessment year or before the completion of the assessment. For Example If you have already filed .....