Time for rectification of error
This query is : Resolved
05 July 2013
Dear experts'
my friend filled ITR 4 for the assessment year 2011-12 for the refund of Rs 2500 with
a receipt of Rs 50000/. but while preparing ITR 4 he enatred gross receipt as 50000/-and gross profit as 500000/-. now the department asking for payment of tax on 5 lacks instead of refund. but itrV shows a refund of rs 2500/- what he has to do? please advice
my friend filled ITR 4 for the assessment year 2011-12 for the refund of Rs 2500 with
a receipt of Rs 50000/. but while preparing ITR 4 he enatred gross receipt as 50000/-and gross profit as 500000/-. now the department asking for payment of tax on 5 lacks instead of refund. but itrV shows a refund of rs 2500/- what he has to do? please advice
05 July 2013
He should file a Rectification Request, briefly explaining the reasons.
Your friend had filed ITR 4, so he must be knowing how to enter into the e-filing web-site.
.
Your friend had filed ITR 4, so he must be knowing how to enter into the e-filing web-site.
.
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