Its urgent-rectification u/s.154 ??
This query is : Resolved
26 August 2012
Hello everyone,
i have made following mistakes in the income tax return of my following clients.
1. return of MRS.X (ITR-4S) for a.y.11-12 filed on 30/07/12. But by mistake gender was selected as "Male" and it has resulted in tax payable.client has not received 143(1) yet.
2. return of mr. x (ITR-4S) for a.y.11-12 was filed on 30/07/2012 but TDS schedule were not filled. it has resulted in tax payable. intimation u/s. 143(1) not received.
1. kindly let me know if i can rectify the return u/s. 154 or not ?
2. if yes then which option should we select in the excel sheet i.e. 139(1)/139(4)/135(5)/153A/153C/148 etc. there is no section 154 ?
i have made following mistakes in the income tax return of my following clients.
1. return of MRS.X (ITR-4S) for a.y.11-12 filed on 30/07/12. But by mistake gender was selected as "Male" and it has resulted in tax payable.client has not received 143(1) yet.
2. return of mr. x (ITR-4S) for a.y.11-12 was filed on 30/07/2012 but TDS schedule were not filled. it has resulted in tax payable. intimation u/s. 143(1) not received.
1. kindly let me know if i can rectify the return u/s. 154 or not ?
2. if yes then which option should we select in the excel sheet i.e. 139(1)/139(4)/135(5)/153A/153C/148 etc. there is no section 154 ?
27 August 2012
You can file revised return under section 139(5) with in 31/3/2013.
( Time limit for filing revised return u/s 139(5) is within one year from the end of the relevant assessment year)
You will get refund of excess tax paid on self assessment earlier
( Time limit for filing revised return u/s 139(5) is within one year from the end of the relevant assessment year)
You will get refund of excess tax paid on self assessment earlier
27 August 2012
Mr. ganesh. return can be revised only if the original return is filed within the due date. belated return cannot be revised.
28 August 2012
Agree with Abhishekh Sir, Returns are submitted on 30.07.2012, are not u/s. 139(1), therefore return can not be revised.
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