Section 139 (1) and 139 (5)
This query is : Resolved
05 September 2012
n Assesse filled return Of AY 2011-12 under 139(1) and got refund within 3 months. Now assessee paid advance tax of AY 2012-13 but by mistake while he was filling Challan No 280 he wrote AY 2011-12 instead of AY 2012-13 and now credit of said challan shown in 26 AS of AY 2011-12.
Questions:
1) whether assessee can file return u/s 139(5) of AY 2011-12 ??
2) when an assessee got refund that mean assessment is completed or not ???
3) whether 154 possible??
Questions:
1) whether assessee can file return u/s 139(5) of AY 2011-12 ??
2) when an assessee got refund that mean assessment is completed or not ???
3) whether 154 possible??
05 September 2012
* As the assessee has received the refund, it clearly shows that assessment is completed.
* once the assessment is complete, revised return can not be filled.
* Therefore you can move an application u/s 154 for rectification of the mistake. Deposit of tax twice clearly shows that it is a mistake apparent from records.
* once the assessment is complete, revised return can not be filled.
* Therefore you can move an application u/s 154 for rectification of the mistake. Deposit of tax twice clearly shows that it is a mistake apparent from records.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
