REGARDING ITR U/S 148 OF THE INCOME TAX ACT, 1961

This query is : Resolved

Suresh S. Tejwani (Querist)
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11 September 2024 If party has paid Tax with interest while filing Original return u/s 139(1)
So now in assessment proceeding Return to be filed u/s 148 There is no interest showing while generating computation of income and amount refundable is showing in computation
So can we claim refund while filing return u/s 148?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 September 2024 Yes, you may claim; but finally it will be assessed with interest till the date of submission of the revised ITR.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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11 September 2024 The assesse has not revised his ITR only computed Tax Liability with interest
Now we have been given Fresh opportunity to file ITR u/s 148 when we add challan in the ITR we have Amount refundable showing of interest amount paid

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 September 2024 Yes, you file as per the utility / calculation; rest the officer will take care.

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