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Revised return and interest as per 234(a)

Harish ( ) (53 Points)

04 March 2018

For the last assessment year 2017-18, After receiving notice under 143(1)(a) - due to variance in income as a mismatch with 26AS, If I need to pay additional tax by filing revised return - then under which section the revised returned will be filed ? Also Do I need to pay interest under section 234(A) on the additional tax that need to be paid, considering original return was filed timely ?

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178004 Points)
Replied 04 March 2018

If you wish to reply the notice......... you will have to proceed through “E-Proceeding” Tab and choose “E-Assessment/Proceedings after login to efiling site...... & Click on “Prima Facie Adjustment u/s 143(1)(a)”

For more detailss refer: tax-notice-proposed-adjustment-1431a

But if you wish to revise the return you can file it u/s. 139(5)....... within 15 days.....

Yes, interest liability will arise of any tax due......

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Aashish Sachdeva (839 Points)
Replied 04 March 2018

As per my personal opinion, if you wrongly disclosure your income then you may revise return with time limit specifed, if you have prove that you show the right calculation, then you have to with e proceeding. If wrongly disclose then pay interest with tax.

If anybody have different views then views are welcome. thanks. Disclaimer:it is not Professional advice.

Oscar Tyson (asdsdf) (22 Points)
Replied 20 February 2019

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