Interest on revised return
This query is : Resolved
02 December 2012
I am revising return u/s. 139(5) there is no additional tax payable due to revision still itr 4s is calculating interest.
we had filed return before due date and tax was also paid before due date.
please let me know is this interest payable as need to revise return is only due to clerical mistake.
please answer asap
we had filed return before due date and tax was also paid before due date.
please let me know is this interest payable as need to revise return is only due to clerical mistake.
please answer asap
CA PARAS BAFNA
(Expert)
02 December 2012
In case there is no additional tax payable, you may overlook the interest amount and treat the same as "any type" of error.
.
.
02 December 2012
Thanks for prompt reply sir, but the issue is as i have not paid interest xml is not generated and its not possible to file revised return without generation of xml file.
please guide me what should i do?
Thanks in adv.
shruti
please guide me what should i do?
Thanks in adv.
shruti
03 December 2012
Please check that you have selected Section 139(5) and not Section 139(4).
If you have selected Section 139(4), then interest will be calculated.
If you have selected Section 139(4), then interest will be calculated.
CA VISHNU GAVKARE
(Expert)
03 December 2012
There is some error in form with this regard.
proceed with return ignoring the interest amount.
proceed with return ignoring the interest amount.
Soumitra Basu
(Expert)
04 December 2012
download a fresh form. fill in properly and send. there may be some other mistake.
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