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Assessment year mistake

Vinod Guleria (SR IT executive) (25 Points)

03 April 2014

Dear Sir,

I filed my e-return for the first time online myself last year in july 2013, and made a mistake by filing it for the assessment year 2012-13 instead of 2013-14.

Now its showing outstanding tax of 10K against my PAN online.

What should i do next, pls suggest.

1. Should i file e-return for 2013-14 or is there a way to get it rectified by IT deptt.

2. Besides, what to do with this outstanding tax amount, as the tax is already deducted by my employer, i shouldn't be paying tax anymore.

Thanks & Regards,

Vinod.

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4 Replies

DINU SUKUMAR (Audit Manager) (176 Points)
Replied 04 April 2014

Sir, You can submit a fresh IT return for the A.Y 2013-14, because you are not filed it earlier. And in the case wrong return filed for the A.Y-2012-13, you can rectify the retun after receiving intimation u/s 143 of the IT Act.

Vinod Guleria (SR IT executive) (25 Points)
Replied 07 April 2014

Originally posted by : DINU SUKUMAR
	Sir, You can submit a fresh IT return for the A.Y 2013-14, because you are not filed it earlier. And in the case wrong return filed for the A.Y-2012-13, you can rectify the retun after receiving intimation u/s 143 of the IT Act.

Thanks Dinu.

I have submitted the fresh IT-Return for 2013-14.

What to do with the outstanding amount ? should i pay it or can it be settled somehow.

Thanks,

-Vinod.

Sathya Sankeerth K N (Chartered Accountant) (429 Points)
Replied 07 April 2014

When the return is filed for AY 2013-14, then you would have mentioned the tax paid details including TDS. If the tax is paid well in advance, ignore the issue as you have paid tax for relevant AY.

For AY 2012-13, you will receive an intimation saying that return is defective. What I understand from your Query is:

1. You have not filed return for AY 2012-13 earlier. Bcoz IT website does not accept the return twice for same AY unless it is a revised return

2. You also say that your employee has deducted TDS, of which details would have been mentioned in your IT Return. Since the details of AY 2013-14 is entered in AY 2012-13, definitely notice would be received u/s 143, asking you to rectify the mistaike.

So now you only wait for the notice.

DINU SUKUMAR (Audit Manager) (176 Points)
Replied 07 April 2014

sir, i think you wrongly entered AY2012-13 instead of AY2013-14. Hence the return is not defective and you should receive intimation u/s 143 stating demand of outstanding tax amount. That time you can rectify the mistake by filing rectification return u/s 154 by entering write particulars for the AY2012-13 ie. FY 2011 -12 as per form 16. Regards