Section 28 - Correction of deficiencies - Delhi Value Added Tax Act, 2004

1 [28. Correction of deficiencies.- If a person discovers a discrepancy in a return furnished by him for a tax period under this Act, he shall remove such discrepancy and furnish a revised return within the year following the year of such tax period: PROVIDED that if, as a result of the discrepancy, the person has paid less tax than was due under this Act, he shall, pay the tax owed and interest thereon: PROVIDED FURTHER that for the years 2008-09, 2009-10 and 2010-11, except for those returns pertaining to any tax period of 2010-11, which were scheduled to be furnished in the year 2011-12, the revised return shall be required to be furnished by 31st December, 2012. ] ------------------------------------------- Notes:- 1. Substituted vide Notification No.F.14(19)/LA-2011/lclaw/5, dated 13/02/2012 , before it was read as:- four years , 2. Substituted vide Notification No.F.14(6)/LA-2012/cons2law/61, Dated 15.06.2012 , before it was read as:- (1) If, within 1 [ the next financial year ] of the making of an assessment, any person discovers a mistake or error in any return furnished by him under this Act, and he has as a result of the mistake or error paid less tax than was due under this Act, he shall, within one month after the discovery, furnish a revised return and pay the tax owed and interest thereon. (2) If, within 1 [ the next financial year ] of the making of an assessment, any person discovers a mistake or error in any return furnished by him under this Act, and he has as a result of the mistake or error paid more tax than was due under this Act, he may lodge an objection against the assessment in the manner and subject to the conditions stipulated in section 74 of this Act.