Revision or rectification of return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2015 Sir,

In the previous year i.e. FY 2013-14 (AY 2014-15), I have wrongly considered the self assessment tax of for FY 2012-13 (AY 2013-14) deposited in september 2013 as the Advance Tax for FY 2013-14 (AY 2014-15).

My books were audited under section 44AB and the return was filed on time.

Please advice whether the return has to be revised after I deposit the shortfall in tax for FY 2013-14 (AY 2014-15) as self assessment tax or it can be rectified under section 154.

Please advice how I can correct my mistake.

Thanks in advance.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 January 2015 since you have filed return on time then you can revise the return and can also correct the challan itself.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 January 2015 Why correct challan? The chaalan shown as Advance tax of AY 2014-15 was the challan of Self Assessment Tax of AY 2013-14. You can not use same challan in two returns. So Question of correction in challan does not arise

So just pay the shortfall tax amount and file the revised return.

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