Expecting refund but updated return filed under u/s 139(8A)

Save Share

This query is : Resolved

Quick Summary

A taxpayer's updated return (filed under section 139(8A) to correct an initial filing error) was rejected, leaving them with no tax liability shown on the portal but still expecting a refund due to overpaid taxes. Unfortunately, the excess tax paid cannot be refunded or carried forward to future years after the rejection of the updated return.

Sonal Chourasia

Sonal Chourasia (Querist)

21 February 2024 Hi Sir,
My CA filed return for AY22-23 incorrectly considering only one form16a instead of two ( I had company transfer and so had two form 16s) as a result I got a tax notice.
For correction she filed updated return u/s 139(8A) which got rejected with "Updated return filed not complete hence not valid". After this updated return, there is no tax liability shown in portal but I am expecting refund since I have paid more taxes during that year.
Please suggest how to proceed.
Thanks,
Sonal

Gokul Sharma

Gokul Sharma (Expert)

21 February 2024 refund not possible in updated return.

Sonal Chourasia

Sonal Chourasia (Querist)

27 February 2024 Thanks Sir, is there anything that can be done in this matter either through "raise grievance" for refund or carry forward this excess tax paid to next year ? Or simply the money has been lost.