Sir, i have wrongly calculated the amount of tax and filed the return for F/Y 2018-19. also i have get refund for that ₹ 3000. but my actual refund was ₹15000 which wanted to claim now by revise return
. now i want to revise the ITR. will it be possible? and if I revise the ITR than whether income tax department will send me notice? i am a salaried person. please help me. thank you
4 Replies
Dipesh Jha
(PRACTICE )
(673 Points)
Replied 26 June 2019
plz correct ur Financial year .....its not F.y...it should be A.Y. i think....plz clarify it...😊
CA Salman Ansari
(Salman Ansari & Assoc.)
(247 Points)
Replied 27 June 2019
If you mean AY 2018-19, then the last date for filing as well as revision of the same was 31st March, 2019, hence that opportunity is no longer available to us.
As an alternate option, you can apply to your Assessing Officer for:
1) rectification u/s 154, which he may allow for
2) condonation, after approval of which, you can file return under section 119(2)(b)
Please note that condonations are generally required to be filed with commissioner and not Assessing Officer.
And if you meant FY 2018-19, then the revision for the same can be done upto 31.3.2020 but will be considered only if the assessment isn't completed. However, since the refund has been received already, the assessment has been completed and once again, you're left with the two options mentioned above.
Hope this helps
Regards
As an alternate option, you can apply to your Assessing Officer for:
1) rectification u/s 154, which he may allow for
2) condonation, after approval of which, you can file return under section 119(2)(b)
Please note that condonations are generally required to be filed with commissioner and not Assessing Officer.
And if you meant FY 2018-19, then the revision for the same can be done upto 31.3.2020 but will be considered only if the assessment isn't completed. However, since the refund has been received already, the assessment has been completed and once again, you're left with the two options mentioned above.
Hope this helps
Regards
trideep
(ca)
(218 Points)
Replied 27 June 2019
thanks for your reply and helpful for me. .
it is A/Y 2019-20 that is F/y 2018-19
it is A/Y 2019-20 that is F/y 2018-19
Kiran. S
(CTO)
(745 Points)
Replied 27 June 2019
See whether it comes under Rectifiction or Revision. What is the exact nature of additional claims of refunds.
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