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.
.
Message likes :
1 times
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
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Taxation on Old jewellery sold
- Missed TDS
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding reporting of exempt foreign remuneration in ITR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
