15 March 2012
Kindly give your suggestion: A return was filled for the F.Y.2009-10. There was difference between computation and return. Actually there was no short term capital gain u/s 111A and also as per computation attached with the return there was no short term capital gain but as the return format was taken as was used for F.Y.2008-09, by mistake short term capital gain u/s 111A figure was not deleted for the F.Y.2009-10 however no sales / purchase was shown in the return and tax liability was calculated by IT software as zero.
Intimation is received u/s 143(1)demanding amount on the basis of amount shown in the return as long term gain (which was not actually for the F.Y.2009-10 but was of F.Y.2008-09).
Can revised return be filed after intimation u/s 143(1)?