shobhit (aa) (339 Points)
23 September 2016DEAR FRIENDS,
ONE OF MY CLIENT HAS SUBMITTED HIS ORIGINAL RETURN FOR AY 15-16 ON 3 JAN 16.....IN WHICH HE FORGOT TO CLAIM TDS. THIS RETURN IS SHOWING A STATUS UNDER INCOME TAX WEBSITE AS
26/01/2016 ITR PROCESSED NO DEMAND NO RETURN
AFTER THAT ON 08/03/16 HE HAS SUBMITTED REVISED RETURN TO CLAIM TDS AMOUNT...NOW STATUS REFLECTIN IS
24/03/16 ITR V RECEIVED..
I WANTS TO KNOW WILL HE GET HIS REFUND OF TDS...IS THERE ANY WAY.....TDS AMOUNTS TO RS 18000.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 24 September 2016
24/03/16 ITR V RECEIVED.
Means, its under process, So, wait and watch, untill the status reflects as ITR PROCEESSED, REFUND ISSUED.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 25 September 2016
SIR AY 15-16 DUE DATE OF ITR 31 JULY 2015 OR 30 SEP 2015 , HE FILE ITR ON
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 25 September 2016
HE FILE ITR ON 3 JAN 16 MEANS ITR FILE AFTER DUE DATE THAN K
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 25 September 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 25 September 2016
Yes, you are correct. Belated return cannot be revised (till AY 2016-17); but it can be rectified u/s, 154, and status shows: ITR V received; so, it should be prossessed within six months.
shobhit
(aa)
(339 Points)
Replied 26 September 2016
YES... I TO GOT SURPRISED ON SEING THAT HOW CAN A BELATED RETURN IS REVISED..
shobhit
(aa)
(339 Points)
Replied 26 September 2016
ANY WAY TWO OF THE EXPERTS IN CACLUBINDIA IS RECOMMENDING TO RECTIFY THE ORIGINAL RETURN U/S 154
CAclubindia
