Late filing of itr (ay: 2016-17)
This query is : Resolved
19 April 2017
I have two issues that I need help on for filing return for AY: 2016-17
1) I filed the return on time but failed to sign the ITR V acknowledgement in time. Infact I havent sent it yet. Need help.
2) The return which I filed ( above) did not include a deduction of 31K under section 80D and I need to file a new/corrected return. Else, I will be liable of paying a tax of 5K which I am not supposed to.
Please suggest the best possible way to deal with this scenario. Do I need to first sent the signed ITRV for the first return and then submmit a corrected/revised return? OR can I bypass the first return ( without signing the ITR-V for it) and file a new return afresh?
Kind Regards,
Edsel
1) I filed the return on time but failed to sign the ITR V acknowledgement in time. Infact I havent sent it yet. Need help.
2) The return which I filed ( above) did not include a deduction of 31K under section 80D and I need to file a new/corrected return. Else, I will be liable of paying a tax of 5K which I am not supposed to.
Please suggest the best possible way to deal with this scenario. Do I need to first sent the signed ITRV for the first return and then submmit a corrected/revised return? OR can I bypass the first return ( without signing the ITR-V for it) and file a new return afresh?
Kind Regards,
Edsel
19 April 2017
1 Send the ITR V the return will be rejected due to late receipt of ITR V.
2 File belated return with corrections.
2 File belated return with corrections.
20 April 2017
Thank you very much sir. This really helps.
18 June 2017
Sir, I got mail from Income tax stating it as a defective return u/s 139(9). I then went to the incometax efiling site and clicked "efile" --> " efile in response to Notice u/s 139(9).
I was able to see the below.
Error Code = 38
Error Description = Tax liability is shown as payable in the return of Income
Probable Resolution = The tax payer should pay the balance tax liability and furnish complete details in the corrected xml. Kindly ensure that there is no tax payable at the time of uploading the corrected XML.
where upon I mentioned it is not defect by selecting "N" in the "Do you agree with the defect"
Also in the remark section I mentioned.. "I missed out on certain fields of the medical insurance
causing me to show tax payable instead of tax refund"
I further clicked "Submit" .
Error Code Error Description Probable Resolution Do you agree with the defect Assessee Remarks
38 Tax liability is shown as payable in the return of Income The tax payer should pay the balance tax liability and furnish complete details in the corrected xml. Kindly ensure that there is no tax payable at the time of uploading the corrected XML. N I missed out on certain fields of the medical insurance causing me to show tax payable instead of tax refund
Could you let me know the next course of action from my end. How will I now correct the original return.
Regards,
Edsel
I was able to see the below.
Error Code = 38
Error Description = Tax liability is shown as payable in the return of Income
Probable Resolution = The tax payer should pay the balance tax liability and furnish complete details in the corrected xml. Kindly ensure that there is no tax payable at the time of uploading the corrected XML.
where upon I mentioned it is not defect by selecting "N" in the "Do you agree with the defect"
Also in the remark section I mentioned.. "I missed out on certain fields of the medical insurance
causing me to show tax payable instead of tax refund"
I further clicked "Submit" .
Error Code Error Description Probable Resolution Do you agree with the defect Assessee Remarks
38 Tax liability is shown as payable in the return of Income The tax payer should pay the balance tax liability and furnish complete details in the corrected xml. Kindly ensure that there is no tax payable at the time of uploading the corrected XML. N I missed out on certain fields of the medical insurance causing me to show tax payable instead of tax refund
Could you let me know the next course of action from my end. How will I now correct the original return.
Regards,
Edsel
18 June 2017
Select y and agree with defect and upload corrected XML file.
18 June 2017
Select y and agree with defect and upload corrected XML file.
18 June 2017
Thank you sir, but I had accidently by selecting "N" in the "Do you agree with the defect". Do you think there is any way now?
19 June 2017
Then your return will be rejected as defective return. File belated original return again correctly.
06 July 2017
Thank you sir .Now my request stands defective. To file belated return, is it the same as filing an original as per https://www.incometaxindiaefiling.gov.in/ ?
07 July 2017
Yes it is like filing original but belated return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference in taxation of company leased car
- Real Estate Transaction Structuring with Power of attorney & Beneficial Ownership
- REGARDING GST AMNESTY SCHEME
- EBRC Generation
- TDS-194M Contract
- Form 26QB - Details to filled
- Treatment of Car allowance
- Query Regarding DTAA
- About AIS Report
- After retirement
- Registration u/s 80G of the IT Act
- Form 26QC_TDS paid at 5%
- Amazon.com Tax Report
- EWAY BILL BY SELLER TO MY BUYER DIRECTLY?
- HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- HOW TO CALCULATE FOOD CHARGES
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- CSR funding for private limited companies
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
