Section 143(1) intimation

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2012 As per my original return Refund receivalbe was Rs. 8000

But after one month i revised my return and
as per revised return nothing payabLe nor receivable

But one month ago CPC Bangalore directly credited my bank account with Refund amount of Rs. 8000/- (as per original Return)

But now when i had checked the status of my revised return --- Status showing "Revised return Processed - Tax payable - Demand Determined- intimation sent"

But when i read Section 143(1) intimation of revised return nothing is payable or refundable.

NOw i am very confused what should i do because no doubt i have to pay back the wrongly credited refund amount of Rs. 8000/- to Income tax dept. but what to do, Pls guide

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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13 April 2012 As you have revised return and nothing is payable to you, but you have received refund , as per my opinion you shud pay as per intimation.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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13 April 2012 agree with expert

as per your original your have demand for refund ok.... then dept. has checked and sent you your claim

meanwhile you have file revised return with no claim of refund and not payable any tax

so after revised return dept. realized about wrong refund sent then they demand that rs. 8000/- refund back

you have to pay as per intimation

you are right....pay back

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Querist : Anonymous

Querist : Anonymous (Querist)

13 April 2012 No you are not getting my point........

While checking the status of Revised return filed by be message appeared on that was "Return Processed-Tax Payable-Demand Determined-143(1) sent"

but while opening 143(1) intimation of revised return their is noting payable nor refundable.