Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2011
plz any one tell me if a person filed his incometax return on 31.03.2011,but he failed to send this return to CPC Banglore in prescribe time. what is the soluation for him.
30 August 2011
The e-filed return will be treated as 'no return filed'. Therefore, the assessee is bound to file the return again if the return is related to assessment year 2010-11 and 2011-12.
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2011
thanks sir, but i filed my return assessment year 2010-11. i was call CPC BANGLORE THEY SAID ME YOU CAN FILED YOUR REVISED RETURN IS IT POSSIABLE?
31 July 2024
If a person filed their Income Tax Return for the Assessment Year (AY) 2010-11 but failed to send the signed ITR-V to the Centralized Processing Centre (CPC) in Bangalore within the prescribed time, they are indeed in a situation where they need to take corrective actions.
### **Steps to Address the Situation:**
1. **Revised Return:**
- If you have missed the deadline for sending the ITR-V and your return is not yet processed, you may still file a revised return if the original return was filed before the due date (i.e., by 31st March 2011 for AY 2010-11).
- The revised return can be filed under Section 139(5) of the Income Tax Act, which allows taxpayers to correct errors or omissions in the original return.
- To file a revised return, you need to ensure that you select the option for “Revised” while filing the new return and provide the details of the original return.
2. **Resend ITR-V:**
- If the original return was filed correctly but the ITR-V was not sent within the prescribed time, you should send the signed ITR-V to CPC Bangalore immediately.
- Ensure that the ITR-V is sent in the prescribed format and within the extended timelines if any relaxation is available.
3. **Contact CPC:**
- Contact the CPC to inform them about the delay in sending the ITR-V. They might guide you on the next steps or confirm if any further action is needed from your end.
4. **Check Status:**
- Regularly check the status of your return on the Income Tax e-filing portal. If the return status is shown as “ITR-V Not Received” or “Processing Not Started,” this indicates that your return has not been processed due to the missing ITR-V.
### **Details on the Revised Return:**
1. **Revised Return Filing:**
- **Form to Use:** Use the same ITR form that was used for the original return (e.g., ITR-1, ITR-2, etc.).
- **Revised Return Option:** Ensure you select the option to file a revised return and provide the details of the original return (acknowledgment number and date).
- **Filing Date:** The revised return must be filed within the time limits prescribed under Section 139(5), which is typically before the end of the assessment year or before the completion of the assessment, whichever is earlier.
2. **Documentation:**
- Attach all necessary documents and proofs required for the revised return.
3. **ITR-V:**
- After filing the revised return, ensure you send the signed ITR-V to CPC Bangalore within the allowed period.
### **Late Filing Penalties:**
- Be aware that there might be penalties or additional interest if the return is not filed on time. However, for AY 2010-11, penalties for late filing were not as stringent as in recent years.
### **Summary**
- **If Original Return Was Filed on Time:** You can file a revised return and send the ITR-V promptly.
- **If Original Return Was Not Filed on Time:** If the original return was filed after the due date, the revised return option might not be available. You should consult with a tax professional or the CPC for specific guidance.
For accurate guidance and to ensure compliance, consulting with a tax professional or directly contacting the Income Tax Department for personalized advice is recommended.
### **Steps to Address the Situation:**
1. **Revised Return:**
- If you have missed the deadline for sending the ITR-V and your return is not yet processed, you may still file a revised return if the original return was filed before the due date (i.e., by 31st March 2011 for AY 2010-11).
- The revised return can be filed under Section 139(5) of the Income Tax Act, which allows taxpayers to correct errors or omissions in the original return.
- To file a revised return, you need to ensure that you select the option for “Revised” while filing the new return and provide the details of the original return.
2. **Resend ITR-V:**
- If the original return was filed correctly but the ITR-V was not sent within the prescribed time, you should send the signed ITR-V to CPC Bangalore immediately.
- Ensure that the ITR-V is sent in the prescribed format and within the extended timelines if any relaxation is available.
3. **Contact CPC:**
- Contact the CPC to inform them about the delay in sending the ITR-V. They might guide you on the next steps or confirm if any further action is needed from your end.
4. **Check Status:**
- Regularly check the status of your return on the Income Tax e-filing portal. If the return status is shown as “ITR-V Not Received” or “Processing Not Started,” this indicates that your return has not been processed due to the missing ITR-V.
### **Details on the Revised Return:**
1. **Revised Return Filing:**
- **Form to Use:** Use the same ITR form that was used for the original return (e.g., ITR-1, ITR-2, etc.).
- **Revised Return Option:** Ensure you select the option to file a revised return and provide the details of the original return (acknowledgment number and date).
- **Filing Date:** The revised return must be filed within the time limits prescribed under Section 139(5), which is typically before the end of the assessment year or before the completion of the assessment, whichever is earlier.
2. **Documentation:**
- Attach all necessary documents and proofs required for the revised return.
3. **ITR-V:**
- After filing the revised return, ensure you send the signed ITR-V to CPC Bangalore within the allowed period.
### **Late Filing Penalties:**
- Be aware that there might be penalties or additional interest if the return is not filed on time. However, for AY 2010-11, penalties for late filing were not as stringent as in recent years.
### **Summary**
- **If Original Return Was Filed on Time:** You can file a revised return and send the ITR-V promptly.
- **If Original Return Was Not Filed on Time:** If the original return was filed after the due date, the revised return option might not be available. You should consult with a tax professional or the CPC for specific guidance.
For accurate guidance and to ensure compliance, consulting with a tax professional or directly contacting the Income Tax Department for personalized advice is recommended.
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