Hey,
I was claimed correct refund in return. but I choose the second option. what can I do revise return o rnot
With Regards,
Deepak
deepak kumar
(firm)
(68 Points)
Replied 22 January 2019
Hey,
I was claimed correct refund in return. but I choose the second option. what can I do revise return o rnot
With Regards,
Deepak
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1337 Points)
Replied 22 January 2019
Kaustubh
(.)
(28 Points)
Replied 22 January 2019
Rahul Garg
(28 Points)
Replied 22 January 2019
DP BANSAL
(3 Points)
Replied 22 January 2019
shiva
(Qualified chartered Accountant)
(21 Points)
Replied 22 January 2019
Gagan Preet
(8 Points)
Replied 22 January 2019
Originally posted by : shiva | ||
It will come only if filing of both original and revised returns for the same assessment year and having different amounts of refund in both original as well as revised.. It dep jusk asking refund claimed by you as per original is true to the best of knowledge or claim as per revised return is correct? |
It can come for any kind of return whenever there is a refund claimed.
danish badar
(Accounts Officer)
(29 Points)
Replied 22 January 2019
Which section gives the power to Income Tax Department to disallow the Revision of ITR under section 139(5) or Rectification of Return under section 154(1). Rectification or Revision of ITR is not possible only when an assessment procedure has been initiated by the Income Tax Department. There are only 4 Assessment Procedures in Income Tax Act as given below:
Scrutiny Assessment U/S 143(3)
Best Judgement Assessment U/S 144
Income Escaping Assessment U/S 147
Search and Seizure assessment U/S 153a
All Other Assessments (Self Assessment and Summary Assessment etc.) are just termed as Assessment but should not take in that way which may prohibits the Assesses to Revise or Rectify the ITR.
Avinash Gupta
(12 Points)
Replied 22 January 2019
Bimal Desai
(44 Points)
Replied 22 January 2019
PALLAV PARASHAR
(2 Points)
Replied 22 January 2019
PFC CHANDIGARH
(2 Points)
Replied 22 January 2019
Have gone through the replies and saw many have got this same mail. Some additional info on my post for the benefit of all below as I saw there were a few queries
, I consulted one of my known person who is CA, he told it is nothing to worry and as per his advise I selected Option 1 in the as the response.