suvajit ghosh (Junior Engineer) (26 Points)
28 July 2014Hello All Members !!
Today I e-filed ITR-1 for A.Y 2014-15. I am a Central Govt Employee & the NPS Amount (Both 80CCD(1) & 80CCD(2)) thats being deducted & shown in Form-16 is greater that 10% of Gross Salary due to some arrear from previous year. The system calculated Amount is showing deduction upto 10% of Gross Salary & hence I need to pay additional Rs 290/- as Tax.
Now I want to know can I pay the Tax & file revise return or should I wait for CPC to send me an intimation?
CA J.Alamelu lakshmi
(Chartered Accountant)
(852 Points)
Replied 28 July 2014
You filed the return without paying the tax??
suvajit ghosh
(Junior Engineer)
(26 Points)
Replied 28 July 2014
Yes....cause I was not aware of the rule and thought that Tax Credited as per 26AS was correct.
Hitesh Khanna
(Accounting & Finance Taxation Company Law Audit )
(839 Points)
Replied 28 July 2014
As per the Department, the IncomeTax Return Filed by the Assessee in which Tax Payable Is Greater than Zero is a defective return. The Department will not Concider it as a normal return irrespective of the reason.
1. If You wait for the Dept"s Letter, Department will Add Interest to the original amount and ask to pay it.
OR
2. Pay Taxes and File a revised Return at the earliest.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 28 July 2014
Dear Suvajit
First pay tax(if payable), & then file the return.........
You need to revise your return...
suvajit ghosh
(Junior Engineer)
(26 Points)
Replied 28 July 2014
| Originally posted by : saloni | ||
 |
Dear Suvajit First pay tax(if payable), & then file the return......... You need to revise your return... |
 |
Thanks Mam....should I pay in the Form of self-assessment tax?
CA J.Alamelu lakshmi
(Chartered Accountant)
(852 Points)
Replied 28 July 2014
yes Self Assessment Tax.
CAclubindia
