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Assisment done... can i revise return....

shobhit (aa) (339 Points)

23 September 2016

DEAR 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.

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166601 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.

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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

HE FILE ITR ON 3 JAN 16 MEANS ITR FILE AFTER DUE DATE HOW CAN HE REVISE ITR DUE TO FILE AFTER DUE DATE ON DATE 08/03/2016

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166601 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.