Filing of revised returns for a.y.2012-13

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2014 our client, the assessee filed the returns of income for the A.Y.2012-13 on 26.03.2014 as per form-16 given by his employer and he claimed his refund of Rs.1,27,140/-from the IT Department also. But in that year there is long term capital gain of amount Rs.2,41,485/-.So, he has to file his revised return, even then after computing capital gain tax also there is a refund i.e.,his TDS is more than the tax payable.What is the process to revised his return of income for A.Y.2012-13?

Amol S Joglekar

Amol S Joglekar (Expert)
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08 November 2014 He can very well revise the return anytime before it is processed by the income tax department.

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2014 sir,
The return is processed and the refund is already claimed by the assessee

Amol S Joglekar

Amol S Joglekar (Expert)
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08 November 2014 Now it can not be revised. You can apply to the concerned jurisdiction ITO and seek the permission to file the concerned return. The tax can be paid right now also.

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