Assessment procedure

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2013 sir,
I have Filed E-Return For A.Y.2013-14 on 31st August, 2013 with Considering income of Rs. 14.50 Lacs.
Now, I come to know that income of Rs. 16.30 lacs have not consider in above return filed. However TDS have deducted on31/03/2013 & Deposite on 29/10/2013 by Deductor on the same income & shown in 26AS.
Further, Return for A.Y.2013-14 has not processed till date at CPC.
What Shoud I do ?

Ganeshbabu K

Ganeshbabu K (Expert)
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09 December 2013 file revised return immediately

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2013 thank for early reply, but sir return is after due date

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Ganeshbabu K

Ganeshbabu K (Expert)
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09 December 2013 wait till it processed and intimate 143(1) generates
..
.
after receipt of 143(1) file return under sec.154 rectification and efile in income tax efiling website

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2013 Yes Sir, but Sec.154 rectifiction only applies to rectify mistack but not income that remain undisclose in return.

Ganeshbabu K

Ganeshbabu K (Expert)
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09 December 2013 Rectification can be done..and it is the only choice