Right to revise return vs rectification
This query is : Resolved
01 April 2016
I have filed my ITR for AY 2015-16 on time. Intimation u/s 143(1) for the same has also received from CPC Banglore a few days ago.
As I have noticed after intimation about wrong presentation of ITR particular (Income of AY 2014-15 offered again in AY 2015-16 due to inadvertence, same is already offered in AY 2014-15).
My query is -
In this situation
1. Whether may I revise my ITR i.e. after receipt of intimation ? Is intimation will be treated as assessment order for revise return ? As revision will reduce my income as well as tax liability also and result me with refund.
2. Whether I am eligible to submit rectification request u/s 154??
3. If both options , revise ITR or rectification are not allowed, than what relief is available to me ?
05 April 2016
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