Rectification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2014
Dear Sir,
My friend filed his I.T. return on 6/9/2013 for the A.Y. 2013-14. But he got some mistake in fill up the ITR because he calculated the tax wrongly. My question is this, can he rectified it now?
Regard
Benjamin
My friend filed his I.T. return on 6/9/2013 for the A.Y. 2013-14. But he got some mistake in fill up the ITR because he calculated the tax wrongly. My question is this, can he rectified it now?
Regard
Benjamin
Dintakurthi Tirumala
(Expert)
12 April 2014
Even though you computed tax liability at the time of filing of return of income the CPC/IT Department shall compute tax liability at the time of process(means your tax computation in the return form is not reliable to the department to complete process) and then considers all our tax payments and then decides is any tax payable due or refund or no and issues demand notice or refund cheque/amount as the case.
So you don't worry with about this means about wrong calculation of tax liability. So wait for the receipt of 143(1) intimation from CPC(if online filed and till now not received)or for the notice from AO(if manual filed and you have any demand as per the AO's computation then AO shall issue) even on that intimation also calculated wrong tax as computed in the return form then based on such intimation file 154(1) rectification return.
OM SAI SRI SAI JAI JAI SAI
So you don't worry with about this means about wrong calculation of tax liability. So wait for the receipt of 143(1) intimation from CPC(if online filed and till now not received)or for the notice from AO(if manual filed and you have any demand as per the AO's computation then AO shall issue) even on that intimation also calculated wrong tax as computed in the return form then based on such intimation file 154(1) rectification return.
OM SAI SRI SAI JAI JAI SAI
Dhirajlal Rambhia
(Expert)
02 October 2021
It is always advisable to revise the return, before any proceeding from CPC.
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