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Advance Income Tax not claimed
I had paid Advance Tax of ₹.75,000.00 for the A.Y.:2016-17. By oversight I had filed the return without claiming the Advance Tax amount and hence ended up paying extra. Now is there any consequences I would face if I file revised return for that period & claim refund of ₹.75,000.00 ? Experts please provide me a solution. Thank You.
Replies (4)
Your are right in filling Revised return. You will get refund of excess amount deposited in Government Account.
Revised return replaces the original return i. e. Revised return will be deemed as filled on the date of original return.
Provided revised return is filled in accordance with the provisions of Section 139(5).
Revised return replaces the original return i. e. Revised return will be deemed as filled on the date of original return.
Provided revised return is filled in accordance with the provisions of Section 139(5).
You can file revise return
There are no consequaences, you can file revised return and claim the money back. You can revise the return till March 31, 2018
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