Return revision
Querist : Anonymous
I e-filed my return for AY11-12 on time and as per calculation, a refund of Rs 280 was determined. I have recently received the refund as well as intimation under 143(1). Now I have realized there were some errors in my original return regarding my total income and there is actually some tax liability. Now I have two questions -
1) Should I file a revised return or rectify it? If it is rectification, how do I do it?
2) How should I treat the Rs 280 refund while filing the revised / rectified return
You can rectify the return U/s 154.
Open ur original return and rectify whatever the mistakes generate fresh xml file.
Now go to ur account under Income TAx. There there is an otion of rectification under my account.
read the instructions properly fill up the data needed and upload the rectified return.
Querist : Anonymous
I read somewhere on this forum that intimation is not really assessment order and revision can still be done. Hence the confusion.
Do I need some confirmation from IT dept before filing my rectification or can I do it voluntarily.
Also, how do I treat the Rs 280 of refund received?
.
You are right. You can file a rectification request. If you are certain about the demand also pay the tax, whatever is due as per your information. Do not forget to Add Rs 280 more in that actual liability+EC+HEC+Int amount.
.
CPC - will gratefully accept your rectification request. (Do not hope for any Party)
Querist : Anonymous
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