CA Shabeer (CA, M.com) (297 Points)
25 September 2011I have filed ITR 1 through e-filing u/s 194(4) ie belated Return for the A.Y 2011-12 Showing Salary of Rs 521000.
Now I want to Revise the Return Since Actual Salary was Rs 420000. Its Happened due to calculation mistake of
Client. I think I can't Revise u/s 194(5) Since Belated Return Can not be Revised.
We Have not Sent Acknoweledgment of Orginal Return to CPC Banglore.
Pls Help Me What can I do Now>
Thanks in Advance
Regards
Shabeer
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 25 September 2011
For the belated return the revise return could not be possible. If you file the revise return however the AO may not consider your revised retrun because it is invalid. However you may try your luck now file your revised return through e-filling and then send both the acknowledgments(orginal and revised) to the cpc.
As per the e-filling instructions the printed acknowledgment should be send to the CPC with in 120 days from the date of the filling with the signature of the assessee otherwise it would be invalid. That means we have to file again ( i also confirmed by the CPC in one case of my client) so you can wait for 120 days then you file with actual figures as original return.
I think second option is better because you already in late to file the return.
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