Its urgent-rectification u/s.154 ??

This query is : Resolved

CA Abhishek Singh (Querist)
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26 August 2012 Hello everyone,

i have made following mistakes in the income tax return of my following clients.

1. return of MRS.X (ITR-4S) for a.y.11-12 filed on 30/07/12. But by mistake gender was selected as "Male" and it has resulted in tax payable.client has not received 143(1) yet.

2. return of mr. x (ITR-4S) for a.y.11-12 was filed on 30/07/2012 but TDS schedule were not filled. it has resulted in tax payable. intimation u/s. 143(1) not received.

1. kindly let me know if i can rectify the return u/s. 154 or not ?
2. if yes then which option should we select in the excel sheet i.e. 139(1)/139(4)/135(5)/153A/153C/148 etc. there is no section 154 ?

CA.Ganesh

CA.Ganesh (Expert)
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27 August 2012 You can file revised return under section 139(5) with in 31/3/2013.

( Time limit for filing revised return u/s 139(5) is within one year from the end of the relevant assessment year)

You will get refund of excess tax paid on self assessment earlier

CA Abhishek Singh

CA Abhishek Singh (Querist)
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27 August 2012 Mr. ganesh. return can be revised only if the original return is filed within the due date. belated return cannot be revised.

CA.Ganesh

CA.Ganesh (Expert)
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27 August 2012 Yes sir, wait for others reply

Prakash Kochar

Prakash Kochar (Expert)
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28 August 2012 Agree with Abhishekh Sir, Returns are submitted on 30.07.2012, are not u/s. 139(1), therefore return can not be revised.

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