Chand Ltd. filed its return of income on 7 th December, 2015 declaring loss of ₹3,50,000. Later, it noticed a claim of expenditure omitted in the return filed. The revised return —

CS Executive · Tax Laws and Practice · PYQS · June 2016
Chand Ltd. filed its return of income on 7 th December, 2015 declaring loss of ₹3,50,000. Later, it noticed a claim of expenditure omitted in the return filed. The revised return —
(A) Must be filed before 31 st March, 2017
(B) Cannot be filed
(C) Must be filed before 31 st March, 2016
(D) Can be filed before completion of the assessment.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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