It return

This query is : Resolved

dileep kumar kadambala (Querist)
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29 January 2014 Dear Members,

please suggest me the next step what i have to do..after refer the following situation

an individual has a business income of Rs.2.5 lakhs and Rs.40,000/- from house property. he was filed a i.t. return after the due date U/s.139(4). yesterday he came to me and said that i have a interest income of Rs/-1.5 lakhs on which Rs.15000 TDS was deducted.

Uday Shetty

Uday Shetty (Expert)
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30 January 2014 since the belated return cannot be revised..just wait for the notice/intimation from cpc banglore u/s 143(1). once you have received the notice you can file correction return by quoting cpc order no. b If there is any additional tax liability..then there will be interest u/s 234..for saving interest you can pay additional liability now by preparing another self assessment tax challan. I hope you got the point..