ITR rectification AY 2011-12
This query is : Resolved
Debasis Dhar
(Querist)
07 January 2021
My Father-in-Law had filed erroneous ITR (shown higher income when compared to Form 16) offline for AY 2011-12 and AY 2012-13. Outstanding Demand Notice was received then but not answered. Outstanding demand under 143(1)(a) was adjusted against refund for ITR filed for AY 2019-20. On 13 Sep 2019 again Outstanding Demand Notice under 220(2) recd and was not responded yet. Refund against ITR for AY 2020-21 stuck. Though, we will be paying penal interest under 220(2) but one year delay payment since Sep 2019 will result in another penal interest outstanding notice under 220(2). For erroneous ITR AY 2011-12,,, Can he submit any rectification and get refund now ?
CA R SEETHARAMAN
(Expert)
08 January 2021
No rectification possible now. Time limit for rectification is 4 years and no rectification possible for higher income reported.
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