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Revised return filed without verifying original

Pradnya (student) (217 Points)

20 August 2022

I had Filed original return on 31st July but had not verified it.. I filed Revised return on 2 Aug without verifying origin al. Now I have got notice under 143(1) for late fee of 5000.. Is there any solution to this

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34 Replies

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

Verify original ITR and file rectification to re process the case after that

6 Like

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Sai Allu (754 Points)
Replied 20 August 2022

The Form ITR-V-Income Tax Return Verification Form should reach within 120 days from the date of e-filing the return. The confirmation of the receipt of ITR-V .

2 Like

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

If ITR is verified on time then only it is considered as a valid return

6 Like

Pradnya (student) (217 Points)
Replied 20 August 2022

I have verified the original return today so it's within 120 days.. so should I now file a request for rectification.. or shall I wait to see whether it automatically re process

1 Like

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

You can place a rectification request to reprocess the ITR

5 Like

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Pradnya (student) (217 Points)
Replied 20 August 2022

Okay.. Thank You Sir!!

2 Like

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

👍🏻👍🏻

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 20 August 2022

Wait for processing of original return and thereafter file rectification

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

Revised return replaces the original return. So original return may or may not get processed

5 Like

Pradnya (student) (217 Points)
Replied 20 August 2022

Ok Maam so I shouldn't reply to the notice also right.. and wait for original return to be processed and then file rectification request

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

Late fee 5000/- is not applicable in your case since there is time limit to verify ITR

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 20 August 2022

Yes, because you didn't verify the original return it is considered as not filed. Due to this revised return considered after due date.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 20 August 2022

Then what is the use of rectification?

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 20 August 2022

Rectification if filed befor processing original return also results in se demand as till date original return not filed. Also clarification issued for it.