Rectification or revise

This query is : Resolved

jatin kapoor (Querist)
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15 March 2012 ASSESSEE FILED RETURN FOR A.Y. 2010-11 WITH A INCOME OF RS.163500,WHICH WAS PROFESSIONAL INCOME AS HE GOT FORM 16A. THE TDS AS PER 16A WAS 16352.THE CA FILED FORM ITR-1 SHOWING IT AS SALARY INCOME, AND CLAIMED TDS REFUND OF 16352.

NOW ASSESSEE DOESN'T GOT REFUND,AS 143(1) DIDN'T GAVE CREDIT OF TDS DUE TO SOME MISTAKE.

WHAT IS THE SOLUTION FOR THIS RECTIFY AND CLAIM REFUND, OR REVISE THE RETURN, IF POSSIBLE?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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15 March 2012 You should revise the return ans make the following changes in the return:

File ITR4
Show the income as business income

jatin kapoor

jatin kapoor (Querist)
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15 March 2012 I KNOW THE RETURN SHOULD REVISED. BUT I THINK IT CANNOT BE REVISED AS THE PERIOD FOR THE SAME HAS EXPIRED.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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15 March 2012 Please don't revise the return. Upload 154 rectification with the new form i.e ITR 4
OM SAI SRI SAI JAI JAI SAI

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 March 2012 I suppose the rectification return may be rejected on the ground that the assessee is making new claims.

Further, the time limit for filing revised return for AY 10-11 is till 31.3.2012.

You first file a revised return and if it does not work then file a rectification request because it can be submitted even after 31.3.2012.

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