yashsr (CA) (2285 Points)
28 March 2012Hello,
A major mistake has been made in filing of a return. The e-return has been filed for AY 2011-12 on March 27 2012. Since its a belated return, it cannot be revised. However, thr ITR-V has not been signed and sent to Bangalore.
Is it possible that I re-file the return and sent the ITR-V of the refiled return to Bangalore? Will the system accept that?
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 28 March 2012
u have time limit of 120 days to send it to banglore.. so what is the problem..?
yashsr
(CA)
(2285 Points)
Replied 28 March 2012
Hi Ankit,
I've actually made a clerical mistake in filing the return. So can I re-file the e-return? Obviously its a belated return so it cannot be revised. But what I'm doing here is re-filing it since the original one which was filed has not been verified. Is this allowed?
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 28 March 2012
i dont think so.. if it does not involve high finances let it be and thn rectify after 143(1)..
yashsr
(CA)
(2285 Points)
Replied 28 March 2012
Although a belated return filed u/s 139(4) cannot revised, I did try to revise the return u/s 139(5) and I could go through. I now have the acknowledgment of the revised return also. Now I want to ask the following:
1) Should I sign and just sent the revised return or should I also sign the original return? I think I should send both because only a return filed can be revised.
2) Can the Department reject the revised return even after the system has accepted it and created an acknowledgement?
3) Actually the mistake is a clerical mistake. The income shown is correct but tax is in-correct as I'd mistakenly shown wrong income and pressed the button 'calculate tax payable' but after correcting the income I forgot to press that button again. So I believe this is a 'mistake apparent for record' for the purpose of Sec 154 or arithematical error for the purose of 143(1)??
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 28 March 2012
just send the revised return. original return is no onger valid after it is revised.
yashsr
(CA)
(2285 Points)
Replied 28 March 2012
Ok thanks Ankit, Just assuming that I do not file a revised return but send the verification for the original return:
The mistake is a clerical mistake. The income shown is correct but tax is in-correct as I'd mistakenly shown wrong income and pressed the button 'calculate tax payable' but after correcting the income I forgot to press that button again. So is this a 'mistake apparent from record' for the purpose of Sec 154 or arithematical error for the purose of 143(1)??
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 28 March 2012
NO NO NO NO NO NO NO
We send Both Original and Revised Return to Banglore.. brother.................!!!!!!!!!
Suman Sen
(Product Manager )
(21 Points)
Replied 06 April 2012
Hi Ankit,
I have a similar problem as Yashar...the only differences are that
(1) I filled the Return online for AY 2011-12 on 5/4/2012 (I presume this is after due date) and
(2) I made a mistake in calculating the TDS wherby I wrongly calculated the tax paid by the deductors as self paid which lead to wrong calculation of Tax Payable/Refundable.
I did receive the ITR-V which I have to send it to Banaglore. I have not yet sent it though. Now my questions are:
1) Should I send the ITR-V signed to Banaglore and wait for the intimation 143(1) for rectification?
2) Is there any option of revising the details online whereby I receive a revised ITR-V for sending to Bangalore?
Please respond.
CAclubindia
