06 December 2012
Dear sir, I filled return for AY 12-13 before due date and the refund for the same year has been issued. The status of return on the website is "PROCESSED". what does this word processed means? Does it mean that assessment is completed? Can I revise the return for that year?
06 December 2012
Thank you all for your reply..... Pls also tell that in case of original return I had income of Rs 110000 and refund of 11000 Rs and in revised return I wants to show a tax of 1000 Rs. Will it attract penalty for concealment of income or any other penalty?? Also is there any chance that my case will be taken for scrutiny??