Rectification of a return for assessment completed
This query is : Resolved
JAYAKUMAR.M.G
(Querist)
15 August 2014
Dear Experts
In respect of an a senior citizen whose residential status by mistake shown as Non resident instead of resident and paid Tax for AY 2013-14 .Later at the timimg of filing his return for AY 2014-15 , the mistake was noticed .During this time intimation u/s 143 (1) is also received for AY 2013-14.While calculating the excess tax paid it comes to Rs 8320.Whether the asseseecan file file a rectification u/s 154 and claim refund of Rs 8320
In respect of an a senior citizen whose residential status by mistake shown as Non resident instead of resident and paid Tax for AY 2013-14 .Later at the timimg of filing his return for AY 2014-15 , the mistake was noticed .During this time intimation u/s 143 (1) is also received for AY 2013-14.While calculating the excess tax paid it comes to Rs 8320.Whether the asseseecan file file a rectification u/s 154 and claim refund of Rs 8320
Nikhil Kaushik
(Expert)
15 August 2014
well if it is not a mistake apparent from record, then revise the return instead of rectification application against the intimation
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JAYAKUMAR.M.G
(Querist)
15 August 2014
Sir
can you adivice which is better , ie, filing revised return where original return filed on 29-07-2013 or Rectification?
Thank you
can you adivice which is better , ie, filing revised return where original return filed on 29-07-2013 or Rectification?
Thank you
Nikhil Kaushik
(Expert)
15 August 2014
since the original return is filed in time as prescribed under section 139(1), I would advice revising the return.
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Rupesh Jain
(Expert)
16 August 2014
yes you can revised the return it is filed with In due date.
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