sriram (CA Final) (203 Points)
21 March 2012Hi friends,
I have uploaded today a belated return stating as loss for an individual (Profession). Actually, it was income below the exemption limit and same i have told has loss mistakenly.
TDS was actually deducted for which i was about to claim refund for the income below exemption limit (Salary).
Since i have reported in return as loss which is wrong, will there be any consequence as to not getting the refund or adverse other than this...?
I'm waiting for your advice.
Regards,
Sriram
G.N.SENTHILKUMAR
(ACCOUNTS MANAGER)
(102 Points)
Replied 07 April 2012
Dear Sriram,
You may file Online a Revised Return mentioning u/s 139(5).
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 07 April 2012
belated return can not revise
but you can file a revised return I think dept. will accept you revised return
CAclubindia
