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It return

J.CH.NARAYANA MURTY (C.A) (24 Points)

18 July 2012

Sir,

I have filed one Incometax return ITR-4 for the Asst.year 2012-13 through Online using useerId and password

through Incometax department website successfully and print acknowledgement also. But NOT POSTED to Bangalore

After sometime I observed that we filed the Return for Asst.year 2012-13 instead of Asst.year 2011-12 and all other

figure work and calculations etc. are also wrong (NIL RETURN WITH BELOW TAXABLE INCOME <1.60 LAKHS)

AGAIN we can file the Return for the Asst.year 2011-12 through online and take a printout and kept with to be posted

to Bangalore (ITR-V).

So How THE RETURN CANCELLED for the ASST.YEAR 2012-13 which was wrong.

So My question is :

1) FIRST OF ALL HOW THE RETURN IS CANCELLED for the year 2011-12

2) CAN WE NOT POSTED THE ACKNOWLEDGEMENT TO BANGALORE?

PLEASE INFORM US

Yours

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3 Replies

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 18 July 2012

Dear Sir,

Return once filed cannot be cancelled.

You have to revise the return for the year 2011-12.

You have got 120 days to send the acknowledgement to Bangalore CPC. If they have not received within 120 days, then the Department will treat the return as invalid.

You should file the return for 2010-11 subject to penat provisions. And then revise your 2011-12 return.

divva (Industrial Trainee @ Ashok Leyland) (348 Points)
Replied 18 July 2012

you can revise the return filed earlier under Sec 139(5)

Bipul Sharma (CA Final) (28 Points)
Replied 18 July 2012

Originally posted by : Prateek Agarwal

Dear Sir,

Return once filed cannot be cancelled.

You have to revise the return for the year 2011-12.

You have got 120 days to send the acknowledgement to Bangalore CPC. If they have not received within 120 days, then the Department will treat the return as invalid.

You should file the return for 2010-11 subject to penat provisions. And then revise your 2011-12 return.

Sir i would like to add

AY 2011-12 -- return filled if correct than printout ITR V and send it to CPC,, if not correct than don’t send ITR V and filled revised return, even if you don’t send ITR V which is considered to be invalid return , during online filling system will required to file revised return and as regards to then manual filling I think return would not be revised return but original return.

AY 2012-13 – return of AY 2011-12 filled so don’t send ITR V and for correct return of AY 2012-13 revised return to be filled