WRONG CALCULATION OF TAX

This query is : Resolved

RAKESH KUMAR THAKUR (Querist)
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28 December 2009 Dear All,
I had filled my Income Tax Return for assessment year-2009-10 but the same return in oproblem i show. Tax Payable amount 15273/- Insterd of 27256/- and i have claim Refund of Rs. 32000/- so i can file revised return or not the reson was return deposit in 15/12/2009 after due date of filling so i need some assistant.

Thanks & Regards

Rakesh

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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28 December 2009 You have filed a belated return and a belated return cannot be revised. As you have calculated the tax incorrectly so it will be caught by AO in the first instance as every return is checked for tax calculations. You don't need to worry as a refund is due in your case. They will correct your calcualtion and refund the correct amount.

In case of paper retur, you can only intimate the correction to AO through letter.