Revised return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2013
WHILE FILING THE REVISED RETURN FOR THE A.Y.2008-09 IN CURRENT ASSESSMENT YEAR i.e. 2013-2014 BY SUMMITING THE MANNUAL RETURN UNDER SPECIAL CIRCUMSTANCES
HE PAID RS.74,230 MORE THAN ACTUAL LIABILITY ?
WILL THEY GET REFUND OR NOT?
PLZ. SUGGEST ME A WAY TO ADJUST THE REFUND AMOUNT RS. 74230
PLZ REPLY AS SOON AS POSSIBLE
IT'S A SERIOUS MATTER?
PLZ PLZ REPLY AS SOON AS POSSIBLE
HE PAID RS.74,230 MORE THAN ACTUAL LIABILITY ?
WILL THEY GET REFUND OR NOT?
PLZ. SUGGEST ME A WAY TO ADJUST THE REFUND AMOUNT RS. 74230
PLZ REPLY AS SOON AS POSSIBLE
IT'S A SERIOUS MATTER?
PLZ PLZ REPLY AS SOON AS POSSIBLE
27 August 2013
The due date to file revise return for A.Y 2008-09 is 31-3-2010. So now you couldn't file revise return for that,even you filed it the department shall not consider it is a invalid return.
So according to my view you have a option to file 154(1) rectification return. In such return you make the correction what you done in original return and claim refund amount.
However please be wait for other experts views and suggestions.
OM SAI SRI SAI JAI JAI SAI
So according to my view you have a option to file 154(1) rectification return. In such return you make the correction what you done in original return and claim refund amount.
However please be wait for other experts views and suggestions.
OM SAI SRI SAI JAI JAI SAI
27 August 2013
For the purpose of other experts replies i keeping it as open query.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
28 August 2013
As per sec 139(5) u cannot file revise return as the time limit is 1 year from the end of relevant AY year to file revise return.
in ur case the last date comes to 31.3.2010 for revising the return.
For filing rectification petition the time limit is 4 years from the end of relevant AY so still u counting 4 years from end of AY 08-09 is 31.3.2013, so in my view sec 154 cannot be invoked.
Only option left with u is to file a request to CBDT Under sec 119(2)(b) and only of they permit with such condition as may be prescribed u can get refund else you cannot.
in ur case the last date comes to 31.3.2010 for revising the return.
For filing rectification petition the time limit is 4 years from the end of relevant AY so still u counting 4 years from end of AY 08-09 is 31.3.2013, so in my view sec 154 cannot be invoked.
Only option left with u is to file a request to CBDT Under sec 119(2)(b) and only of they permit with such condition as may be prescribed u can get refund else you cannot.
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