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Clarification

vinod sharma (self employed) (54 Points)

18 December 2015

i have filed income tax return for Ay 2015-16 on 17.12.2015.but while filling bank account number details ,i forget to fill details of one savings account. what should i do.file revised return or not?

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7 Replies

Stranger (.) (5526 Points)
Replied 18 December 2015

Since you have filed you return after due date as specified u/s-139(1), it becomes a 'Belated return' u/s-139(4) & hence cannot be revised u/s-139(5). But there is no need to worry, provided you have entered the details of the bank account correctly in which your refund due, if any, will be credited.

Hope ur doubt is cleared now...

vinod sharma (self employed) (54 Points)
Replied 18 December 2015

thank you for your reply.but my point is i have filled bank account number of all the accounts but forget to fill one of my savings account number.from ASSESMENT YEAR 2015-16 it is manditory to fill all your account numbers. however i have filed my savings account number to which refund has to sent.i am having 5 savings account but details filled of 4 accounts.is it necessary to inform and how.

Ankit Taprania (CA FINAL ) (542 Points)
Replied 18 December 2015

Well , every person is mandatory required to disclose of all the bank accounts with the following details:
Name of the bank
Nature of Account ie. Saving or current
IFSC code
Account no.

however in practice we see that people take risk and provide only 1 or 2 bank account details and that too only for refund purpose . but department can easily trace the taxpayer's bank details with the help of PAN.

depatment can leivy penalty under section 271(1)( c) from 100% to 300% of tax sought to be evaded , if the taxpayers furnishes inaccurate income or even if inaccurate particulars of such income.

if you think risk is not worth taking you SHOULD file Revised return.

Stranger (.) (5526 Points)
Replied 19 December 2015

Sir, as I said earlier too & also agreeing with Mr. Ankit Taprania, there is no need to worry & by worrying also you can't do anything because as far as your present situation is concerned, you cannot file a revised return too as its a belated return now. But yes, if you don't wants to take any element of risk in future, be careful while filing your return & that too by due date as per sec-139(1) as then you will have the option of revising your return in case of any mistakes & also escape from penal interest u/s-234A, 234B & 234C, if applicable. So for the time being, just relax & hope for the best...

S. Shiroor (Others) (1207 Points)
Replied 19 December 2015

Three choices come

1) Bank account details 2) Address 3) Email/mobile details.

I am not sure of s.no 1 -whether it is all bank accounts or only refund bank account.

Since u have given details of 80% of bank accounts - it is Ok.

Ankit Taprania (CA FINAL ) (542 Points)
Replied 19 December 2015

Originally posted by : $tRaNgEr
	Sir, as I said earlier too & also agreeing with Mr. Ankit Taprania, there is no need to worry & by worrying also you can't do anything because as far as your present situation is concerned, you cannot file a revised return too as its a belated return now. But yes, if you don't wants to take any element of risk in future, be careful while filing your return & that too by due date as per sec-139(1) as then you will have the option of revising your return in case of any mistakes & also escape from penal interest u/s-234A, 234B & 234C, if applicable. So for the time being, just relax & hope for the best...

opps , you filed belated return . sorry then you cannot revise it . but you don't have to woory about that unless you are actually engaged in concealment of big amount .