Krishna (STUDENT) (136 Points)
10 January 2012For Revision of ST-3 There is a time Limit of 90 days?
But how to rectify the mistakes made in the returns of Financial year-09-10 and 10-11.
If any short fall of payment, we will the balance due amount along with interest but how to rectify the figure which is shown lesser in previous returns?
what is the alternative?
Please Guide Me.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 10 January 2012
no such alternative available to revise the return more than 90 days older.
you can ask your Range officer for remedies and if he agrees, then submit a revised statement to him, regarding the change of figures after paying diff of taxes and interest. if you can obtain a dated acknowledgement of such letter with range superintendent, then you might not face the case of evasion, otherwise audit team will boook case of evasion and concealment in such cases.
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 11 January 2012
You can also deposit Balance figure with interest and submit manual return and avide panality etc.
Krishna
(STUDENT)
(136 Points)
Replied 13 January 2012
Thank you sharma sir and Ram sir.
and regarding refund of execss amount paid, what is the time limit to claim, can i claim refund for excess paid in year 2009-10.
CAclubindia
