I am planning to file revised return as I have mentioned some incorrect amounts..Since I have already received income tax refund amount I am in confusion where to add that amount in ITR1 revised return..Please guide me.
8 Replies
Madhavan R
(88 Points)
Replied 01 August 2023
Refund credit is taken into next year assessment and not to consider in revised return..as other sources of income
Mahesh Shah
(2308 Points)
Replied 01 August 2023
Refund along with additional tax to be paid in revised itr
sabyasachi mukherjee
(27574 Points)
Replied 02 August 2023
The financial year is previous year the assessment year is the following year next the previous year.
PUTHETY SRINIVASULU
(85 Points)
Replied 04 August 2023
Since you have mentioned wrong amounts in ITR itself
you have to file REVISED ITR
you have to file REVISED ITR
Madhavan R
(88 Points)
Replied 05 August 2023
Having gone through revision make no more mistakes as no further revision is possible. For a current assessment year..
But for a previous assessment year
You can apply for condonation in belated return submission only if you have a refund claim further on this
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