Filing of Revised Return necessary or not?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2011 The assessee has filed original return of income manually for A.Y. 2008-09 on 30/09/08 declaring income of Rs. 10 lacs and claimed credit of TDS of Rs. 1 lacs on the basis of TDS certificates recd. till date of filing manual return. However, later on the basis of subsequent TDS certificate recd. and data available on Form 26AS for TDS claimed, the assessee has filed Revised Computation of Income without filing Revised Return during the course of assessment proceedings showing returned income of Rs.10 Lacs only but incresing the TDS/ Advance Tax claim to Rs. 2.5 lacs. Whether the Assessing Officer can give credit of said TDS/Advance tax amount of Rs. 2.5 lacs on the basis of Revised Computation filed without filing Revised Return? If yes then under which provision of law and if possible pl. give the citation to this effect.

Guest

Guest (Expert)

22 January 2011 Yes, you will get the credit of TDS in the assessment even without filing revised return.