Wrong income in belated rerurn
This query is : Resolved
Dipak Gulhane
(Querist)
31 July 2011
PLZ HELP ME URGENTLY....
I FILLED ITR-4 ONLINE FOR INSURANCE AGENT FOR AY 2010-11 ON 30.07.2011 U/S 139(4)OF BELATED RETURN.HIS INCOME IS BELOW EXEMPTION LIMIT. HIS INCSURANCE COMMISION INCOME IS 68000 & TDS=7000.SO I CLAIMED TDS REFUND OF 7000 IN COMPUTATION. I ENTERED ALL TDS SCHEDULE INFORMATION CORRECTLY. BUT IN SCHEDULE OF INCOME FROM BUISINESS & PROFESSION I WRONGLY ENTERED BUSINESS INCOME EQUALS TO TDS AMOUNT MEANS 7000 INSTEAD OF 68000.SINCE IT IS BELATED RETURN IT CANT B REVISED. I HAVE NOT YET FORWARDED SIGNED AKNOWLEDGEMENT TO BENGLORE. CAN ANY OF YOU GUIDE ME WHAT I CAN TO DO CORRECT THIS MISTAKE SO THAT MY CLIENT CAN GET TDS 7000 REFUND. CAN I FILE ITR AGAIN MANUALLY & NOT TO SEND SIGNED ACKNOWLEDGEMENT TO BENGLORE?MAY I HAVE TO PAY PENALY IF ANY IN SHOWING WRONG INCOME?
PLZ U CAN ALSO GIVE MISS CALL ON 07276993000. DIPAK GULHANE, AMRAVATI.
I FILLED ITR-4 ONLINE FOR INSURANCE AGENT FOR AY 2010-11 ON 30.07.2011 U/S 139(4)OF BELATED RETURN.HIS INCOME IS BELOW EXEMPTION LIMIT. HIS INCSURANCE COMMISION INCOME IS 68000 & TDS=7000.SO I CLAIMED TDS REFUND OF 7000 IN COMPUTATION. I ENTERED ALL TDS SCHEDULE INFORMATION CORRECTLY. BUT IN SCHEDULE OF INCOME FROM BUISINESS & PROFESSION I WRONGLY ENTERED BUSINESS INCOME EQUALS TO TDS AMOUNT MEANS 7000 INSTEAD OF 68000.SINCE IT IS BELATED RETURN IT CANT B REVISED. I HAVE NOT YET FORWARDED SIGNED AKNOWLEDGEMENT TO BENGLORE. CAN ANY OF YOU GUIDE ME WHAT I CAN TO DO CORRECT THIS MISTAKE SO THAT MY CLIENT CAN GET TDS 7000 REFUND. CAN I FILE ITR AGAIN MANUALLY & NOT TO SEND SIGNED ACKNOWLEDGEMENT TO BENGLORE?MAY I HAVE TO PAY PENALY IF ANY IN SHOWING WRONG INCOME?
PLZ U CAN ALSO GIVE MISS CALL ON 07276993000. DIPAK GULHANE, AMRAVATI.
CA PARAS BAFNA
(Expert)
31 July 2011
DO NOT WORRY -BHAU. SUCH TYPE OF MISTAKES CAN BE
DONE BY ONLY US AS WE ARE DOERS.
.
TRY TO FILE REVISED RETURN BY NOT REPEATING THE EARLIER MISTAKES.
.
IT WILL GO... AND .. SEND BOTH THE ITR-V TO CPC BANGALORE QUICKLY.
.
DONE BY ONLY US AS WE ARE DOERS.
.
TRY TO FILE REVISED RETURN BY NOT REPEATING THE EARLIER MISTAKES.
.
IT WILL GO... AND .. SEND BOTH THE ITR-V TO CPC BANGALORE QUICKLY.
.
31 July 2011
Belated returns cannot be revised. Since the return is below taxable limit do not worry and send the signed copy to Banglore. Anyhow, send a rectification petition for correction of taxable income it will serve the purpose.
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
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
