Two itr in same year

This query is : Resolved

CA SONI KRUNAL (Querist)
Follow

27 November 2012 Dear All,

I M a Bank Manager , in one of the case in My Bank I Found that , there are two ITR for AY 2007-08.

As per customer , he has filled one ITR in particular ward and after filling the same , he came to know that it was filled in the wrong ward and after one month he has filled other ITR in the correct ward.

Is this a fair done as per income tax ? though there are same GTI and tax details in both ITR , i think he has to fil revised return , as there can not be two original ITR of the same assessment year.

Please share consequences and penatlies applicable in such default..

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 November 2012 The subsequent return shall be regarded as REVISED return.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 November 2012 Your contention is absolutely CORRECT. There can NOT be 2 originals. As a banker, you take an indemnity bond from the customer that the subsequent return is revised return and the loss caused to bank,if any, on account of this shall be made good....

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Somnath Maiti

Shantaveeresh Manur

S D Kannan

adarsh chaturvedi

Dinesh kumar

Subscribe Now

Two itr in same year

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA