alleryStart learning →Section 139(5) allows a revised return when the filer discovers what?
AA change in the due date
BA new source of exempt income
CAn omission or wrong statement
DA reduction in the tax rate
Answer & Solution
Correct answer: C. An omission or wrong statement
Revision is meant to correct an omission or a wrong statement in the original return.
Keep practising Return of Income
Browse all Return of Income questions for CA Inter, or explore more Taxation topics.
Related questions
Section 234F applies to returns for which assessment years?As worded in section 234F, total income is Rs 8 lakh and the return is filed on 20 DecembeAs worded in section 234F, an individual with total income Rs 4,50,000 files after 31 DeceTax due Rs 2,00,000; Rs 1,20,000 paid by 15 Dec. 234C interest on that shortfall?Tax due on the returned income in 234C is tax on income declared where?Under-estimating which income does not attract 234C if paid in later instalments?Who pays advance tax in a single instalment by 15 March under 234C?A June shortfall escapes 234C if advance tax paid is at least what share?