Can we revise income tax return u/s 44ad?
This query is : Resolved
30 June 2013
Dear All,
I want to revise return of my client for TDS matter. His actual TDS is of Rs,24,851/-. But in original return Refund of Rs.14,858/- is claimed he also received the refund amount. He has filed his original return (Manual) for AY 12-13 before due date.
Now I want to claim remaining TDS amount of Rs.9,993/-. Can I show 8% profit of his receipts and file revised return u/s 44AD. He is a Civil Contractor.
Please help in this regard....
Thank you
I want to revise return of my client for TDS matter. His actual TDS is of Rs,24,851/-. But in original return Refund of Rs.14,858/- is claimed he also received the refund amount. He has filed his original return (Manual) for AY 12-13 before due date.
Now I want to claim remaining TDS amount of Rs.9,993/-. Can I show 8% profit of his receipts and file revised return u/s 44AD. He is a Civil Contractor.
Please help in this regard....
Thank you
30 June 2013
As per rulings given by the courts issuing an Intimation U/s 143(1)(a) is not treated as assessment. So, if 1 year has not been completed from the date of filing of return, you can revise the return.
.
Also decide from the facts of the case whether the Income on which TDS of 9993/ has been deducted was included in the original return or net. And if included was it net of tax or gross amount.
.
.
Also decide from the facts of the case whether the Income on which TDS of 9993/ has been deducted was included in the original return or net. And if included was it net of tax or gross amount.
.
30 June 2013
Thank you Sir for your reply
TDS of Rs.9,993/- was not included in original return. and now I also want to increase his income. But my main query is that Can revise return using ITR Form 4S(Sugam)?
TDS of Rs.9,993/- was not included in original return. and now I also want to increase his income. But my main query is that Can revise return using ITR Form 4S(Sugam)?
30 June 2013
yes, you can revise your return using ITR - 4S claiming the TDS.
30 June 2013
Mr. Prashant, your original query is "Shant" about the ITR used while filing the original return.
.
If your case was not under tax-audit then only you could file original return in ITR 4S and as such you can use ITR 4S for the revised return also.
.
Please also take care of the income to be declared in the revised return as per Para 2 of my earlier reply.
.
.
If your case was not under tax-audit then only you could file original return in ITR 4S and as such you can use ITR 4S for the revised return also.
.
Please also take care of the income to be declared in the revised return as per Para 2 of my earlier reply.
.
01 July 2013
Thank you Soumitra Sir and Paras Sir......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- NRI INSURANCE ADVISOR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
