Filing of revised return

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jagdish vala (Querist)
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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)
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03 December 2011 You should have used ITR 4S in case you were satisfying the criteria prescribed for it.
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Maintain the same Form now, i.e ITR-4 and file a rectification request through e-filing website.
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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.
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Just check the credit in Form 26AS, and file the rectification request promptly.

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