Return of ay 2012-13 filed on 31.03.2013

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 IN RETURN , ALL FIGURES CORRECTLY FILED AND AT THE TIME OF COPYING THE RECEIPT, WE FOUND THAT THE RETURN WAS BELOW TAXABLE AND THE ACKNOWLEDGEMENT SHOWS SOME TAX IN TAX DUE COLUMN WHICH IS WRONG . I SUBMITTED THE HARD COPY ALONG WITH COMPUTATION OF INCOME WITH CLARIFICATION .IS THIS TYPE OF SYSTEM MISTAKE BE WAIVED OFF OR TAX GENERATED TO BE PAID OR GO FOR APPEAL / RECTIFICATION U/S 154 CAN BE RESOLVED. IS THIS RIGHT OR WRONG WHAT TO DO .WAITING FOR YOUR REPLY.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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01 August 2013 I think before convert to XML file you didn't click on the CALCULATE TAX button at the excel form. If my guess is correct then in such type of situation the above error shows but it doesn't mistake or error by the system or software it is the mistake of the return filer.

However you don't worry sending of acknowledgement is just for the confirmation regarding submission of return and its income, CPC shall process you return as per the income tax provisions and then decide either if any tax payable due and then it issue a demand for tax payment if any.

So for this you don't worry wait for the CPC intimation.

But as per my view if you not use the CALCULATE TAX button before to conversion into XML then TDS or TCS or self assessment tax if any shall not be give credit as per the return form then in such case CPC may consider you didn't claim the tax credit and it may issue demand in such case then you file a rectification return after receipt of 142(1) intimation with using CALCULATE TAX button then it will rectify and re-process by the CPC.

OM SAI SRI SAI JAI JAI SAI

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