Wrong income in belated rerurn

This query is : Resolved

Dipak Gulhane (Querist)
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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.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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.
.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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.

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