Section to be used for filing the revised returns

This query is : Resolved

Divakar Kasamsetty (Querist)
Follow

25 September 2016 Hello,
I have submitted by income tax returns for the assessment year (16-17) on time under section 139 (1). I received intimation via section 143(1) from CPC for TDS mismatch on Sep 24th, 2016 and demand note for Rs 600. When I checked my returns I found that TAN number mentioned under TDS (for one entry) is not correct and I need to update the same:
I have the following queries related to filing the revised returns -
1. Can I update correct TAN and submit the revised returns ?
2. Can I choose section 139(5) for revised returns ?
I have the following queries related to response I need to submit for the demand note for the above returns:
1. There are 4 options available
demand is correct, demand is partially correct, disagree with demand, demand is not correct but agree with adjustment
( in my case the demand note for Rs 600 is a raised due to TDS mismatch because of wrong TAN number in the returns)
Thanks and Regards,
Divakar

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
Follow

25 September 2016 Just revise the return u/s 139(5). Don't give any answer now. Wait for the revised return to be processed. & yes you can correct the TAN no. in the revised return.

Divakar Kasamsetty

Divakar Kasamsetty (Querist)
Follow

26 September 2016 Thank you for your prompt reply. I will just revise and submit the return. Will not respond to demand note as per your suggestion.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now