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Urgent - rectification or revised return

HARDIK (ARTICLE) (105 Points)

24 December 2011

I have e-filed a return in which inadvertently the due date was selected as 31st July instead of 30th Sept. Now to rectify this mistake whether i should i file revised return or rectification application u/s. 154?

Regards

Hardik

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7 Replies

kanagaraj (CHARTERED ACCOUNTANT) (793 Points)
Replied 24 December 2011

dear

better you file a revised return if your original return is filed within the due date

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CA Kumar Mukesh (CA CMA FINAL and Advance Excel Trainer) (6881 Points)
Replied 24 December 2011

Agree with Kangaraj

HARDIK (ARTICLE) (105 Points)
Replied 24 December 2011

Original return has been filed after the due date

Rehards,

Hardik

CA Rishabh Lodha (Chartered Accountant - Business Analyst) (537 Points)
Replied 24 December 2011

i think even if u have by mistake taken the due date as 31st july...income tax system will take it as a belated return...n according to me belated retun cannot be revised so better u write a letter to CIT n i feel that on genuine grounds he may accept ur return as a valid return filed within d due date....

Madhusudan Kabra (knowledge seeker) (1779 Points)
Replied 26 December 2011

Any arthemetical error and incorrect claim under Income tax return will automatically rectified by CPC and same will be intimated to you via Intimation U/s 143(1). In your case return can not be revised as it a belated return as you said above. Just wait for the Intimation from CPC and if you found that same is not rectified by CPC then write a simple letter to your AO he will do so till that time no need to worry.

Regards

Madhusudan

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CA Vanamala Phani Kumar (Proprietor of M/s Vanamala and Co) (972 Points)
Replied 26 December 2011

Rectification of your mistake is done through online by logging into your account...!!!!!!!!!!!

There is option for this query

CA Neil Ganatra (Partner - Gautam Joshi & Co.) (871 Points)
Replied 06 January 2012

Dear Hardik,

I would suggest you to wait for the intimation u/s 143(1). In reply to that you can file rectification letter. As you have filed belated return, it can not be revised. However, there is a scope u/s 119 to apply to addl. commissioner or commissioner to rectify the mistake or even to file a revised return. If they found it genuine and it effects your tax liability then you will definitely get the permission.

But I don' think that will be required. You will be able to file a simple rectification request online once you receive intimation as mentioned in starting. Second option is just for your information.