ITR-6 (AY_2020-21) - 400 cr. TO in FY 2017-18 ? _ Wrongly filled as "Yes". 30% taxed instead of 25%
This query is : Resolved
12 September 2021
While filling up the ITR-6 for domestic Company for AY 20-21 (Pr. Yr. 19-20) a wrong entry was given as "yes" in the column - "Whether total turnover/ gross receipts in the previous year 2017-18 exceeds 400 crore rupees? (Yes/No) (applicable for Domestic Company )". It was a small clerical mistake, but the effect was 'heavy' Rs. 33 lakh having been paid in excess.
As a consequence, 30% tax happened to be given with the 'self Asst. Tax'. It should have been 25%. In the Pr. Yr. 2017-18 the Turnover was 41.00 Crore. Therefore, Rs. 33 Lakh + has been paid excess.
Due date for revised return has expired on 31.05.2021.
How can the assessee get refund? Please advise and suggest the way of claiming Refund.
As a consequence, 30% tax happened to be given with the 'self Asst. Tax'. It should have been 25%. In the Pr. Yr. 2017-18 the Turnover was 41.00 Crore. Therefore, Rs. 33 Lakh + has been paid excess.
Due date for revised return has expired on 31.05.2021.
How can the assessee get refund? Please advise and suggest the way of claiming Refund.
13 September 2021
File rectification request u/s. 154 of IT act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- EPF FULL & FINAL RULES IN 2026
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Gift Received from nonblood relative
- Management System (IMS)
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
