Filing of return (individual)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2013 Dear Members,

Recently,while doing tax planning (2012-2013) for one of my client, I came to Know that during the financial year 2011-2012 she has mistakenly availed deduction us 80c for investment in KVP. If she had not availed she was liable to pay tax.

Can deduction claimed be shown as income in this year and correspondingly do the extra investment for set off.

Please advice if I am correct.

Thanks
Rohit Agarwal

harleen batra

harleen batra (Expert)
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21 March 2013 File revised return of F/Y 2011-12 if original return is submitted before due date and if assessment order is not yet received. We cannot correct the mistake by adjusting return for A/Y 2013-14. It is nowhere allowed in law. Only procedure left is to file revised return.

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2013 Dear Harleen,

Assessment order have been recd.

pls advice any other option

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