28 November 2015
DEAR SIR/MADAM, WHAT are the ways to rectify the following matter : "The Assessee has file a belated return ITR2_2014 for A.Y.- 2014-15, in that return the assessee has by mistakenly recorded twice the house property income due to which the assessee has paid S.A. Tax around Rs. 2.5lac and file the same, in f.y. 2014-15 the assessee came to know that the house property income was already recorded by accountant and it was once again recorded in return, the intimation order for A.Y. 2014-15 has not yet been received u/s 143,so now the assessee want to revised the return and want to claim refund?
whether he can do so, and if not than what are the other way to rectify the belated return
28 November 2015
you can't revise a belated return. and good chances are that if after receiving 143(1) you file rectification return and modify the income from house property, the return may be transferred to AO for checking.
As per provision of section 139(4) of income tax act,1961.
- Belated return cant revised.
As per provision of section 139(5) of income tax act,1961.
- Revised return can be filled if assessee finds any ommission or wrong statement in the return filled , assessee are allowed to filed revised return : before expiry of one year from the end of relevant assessment year OR completion of assessment whichever is earlier..
Solution: Therefore its advise to wait for notice 143(1) summary assessment notice and afterall you are required to make rectification request : Go to My account -> click of Rectification Request -> select assessment year -> enter communication reference number mentioned in notice 143(1). and then you are allowed to submit request for correction and submit new xml for correct calculation , you will get solve this problem.
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