DEAR FRIENDS,
ONE OF MY CLIENT HAS SUBMITTED HIS ORIGINAL RETURN FOR AY 15-16 ON 3 JAN 16.....IN WHICH HE FORGOT TO CLAIM TDS. THIS RETURN IS SHOWING A STATUS UNDER INCOME TAX WEBSITE AS
26/01/2016 ITR PROCESSED NO DEMAND NO RETURN
AFTER THAT ON 08/03/16 HE HAS SUBMITTED REVISED RETURN TO CLAIM TDS AMOUNT...NOW STATUS REFLECTIN IS
24/03/16 ITR V RECEIVED..
I WANTS TO KNOW WILL HE GET HIS REFUND OF TDS...IS THERE ANY WAY.....TDS AMOUNTS TO RS 18000.
24/03/16 ITR V RECEIVED.
Means, its under process, So, wait and watch, untill the status reflects as ITR PROCEESSED, REFUND ISSUED.
SIR AY 15-16 DUE DATE OF ITR 31 JULY 2015 OR 30 SEP 2015 , HE FILE ITR ON
HE FILE ITR ON 3 JAN 16 MEANS ITR FILE AFTER DUE DATE THAN K
Yes, you are correct. Belated return cannot be revised (till AY 2016-17); but it can be rectified u/s, 154, and status shows: ITR V received; so, it should be prossessed within six months.
YES... I TO GOT SURPRISED ON SEING THAT HOW CAN A BELATED RETURN IS REVISED..
ANY WAY TWO OF THE EXPERTS IN CACLUBINDIA IS RECOMMENDING TO RECTIFY THE ORIGINAL RETURN U/S 154
Chirag P Shah & Co. Chartered Accountant
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Saini Pati Shah & Co LLP, Chartered Accountants
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