Raghavendra (Manger) (60 Points)
25 June 2022Sir,
As per my understanding a return becomes invalid if it is not verified within 120 days.
After filing a return subsequently if I find that there was some mistake in entries, can I choose not to verify it and file a another return and verify only second return ?
Both returns will be mentioned as "Original" in ITR3 but only second return will be verified, will such remedy allowed ?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 June 2022
Raghavendra
(Manger)
(60 Points)
Replied 25 June 2022
Can we file revised return without verifying original return ? Otherwise, original return becomes invalid can CPC process revised return?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 25 June 2022
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 June 2022
Raghavendra
(Manger)
(60 Points)
Replied 25 June 2022
@ Rashmi Gandhi @ Eshwar Reddy
AY21-22 1st ITR3 filed on 01/01/22 before filing audit report on 15/02/22, so I did not want to verify 1st return.
But ITD Help desk advised to verify first ITR3 and then file 2nd ITR3.
1st ITR assessed as non-audit ITR3 and losses not carried forward. 2nd ITR3 consider as revised and losses still not carried forward.
What is the remedy appeal or delay condonation for 1st ITR3.
Raghavendra
(Manger)
(60 Points)
Replied 25 June 2022
@ Rashmi Gandhi @ Eshwar Reddy
1st ITR3 considered as non-audit case ITR hence considered as filed after due date and losses not carried forward.
Misguide by help desk can I appeal on that ground ?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 June 2022
sabyasachi mukherjee
(27579 Points)
Replied 27 June 2022
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 27 June 2022
CAclubindia
