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Filing of revised return

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This query is : Resolved

jagdish vala (Querist)

03 December 2011 Can i file revised return for A.Y:2011-12 as Credit of TDS is short by Rs.1500 claimed by me and as per 26AS as Deductor credit it late.

Also i filed ITR-IV as my income is from Civil consutruction business.

So i filed it u/S 44AD.

But at the time of Filing return of income IT Data base ask me to Describe the method of Accounting.

So i Mentioned Mercantile system.

Is it Valid??

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

03 December 2011 You should have used ITR 4S in case you were satisfying the criteria prescribed for it.
.
Maintain the same Form now, i.e ITR-4 and file a rectification request through e-filing website.
.
In Mercantile Method expenses and income of the relevant year is considered irrespective of the fact- whether paid or received.
However this is not an issue in your case.
.
Just check the credit in Form 26AS, and file the rectification request promptly.

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