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Revised return and refund

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This query is : Resolved

Rajesh (Querist)

07 September 2010 Hi,

I submitted my IT return for FY 2008-09 (AY2009-10) before the dead line of 31 July 2009. I submitted it online using ITR 2. I have some refund amount as well.

Recently I noticed an error in filling ITR form. I filled the long term capital gain from shares in CG-OS (Capital gain - Other Source) instead of mentioning it in EI (Exempt Income).

Can I file a revised return now? How do I know my return is already taken for assessment or not? If I file a revised return now, will it have any impact in refund like more delay?

-Rajesh.

Aditya Maheshwari

Aditya Maheshwari (Expert)

07 September 2010 assessment u/s 143(3) must be completed and not intimation to be considered as assessment to be completed. So you can revise the return now and yes it have any impact in refund like more delay as the return will be deemed to be now filed and hence will take time for processing.

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