E-return filed with wrong amount, What next?

Efiling 1516 views 7 replies

Hey All,

I recently filed an e-return of an individual (ITR-1) and just after that while going through the ITR-V i found that the amount under the head "income from other sources" was wrongly entered. Can anyone please let me know whether i should file a revised return or upload an XML with correct amount n send the relevant ITR-V to CPC, Bangalore.

Any suggestion shall be of great help!

Regards,

Ajex

Replies (7)

2 options are there :

1. u can file revise return and u can change the figures.

2. After the uploading of return u have 120 days for sending the ITR V verification form to cpc . if the form is not posted within 120 days it will be deemed to be a defective return . at that time u can file ur return with correct figures. 

 

Better option is revising the original return. 

dear friend,

 

The only way of correcting the mistakes in the filed return, is to submit a Revised return.

You have to wait until you receive the Receipt of ITR V through mail from the Department.

The receipt no (Acknowledgement Number)is necessary for the purpose of filing the Revised Return.

After the Receipt of the above said number, you can correct the figures and file the return by quoting the acknowledgement number on the appropriate place provided in the ITR 1.

 

In my opinion you should revise your return. That will be much better.

^^ thanks a lot ppl .. so i guess i'll have to continue with the already filed e-return and file a revised return once they receive its ITR-V ..

the option is u rewise the return.

revise!

Originally posted by : Ca Aashish Upadhyay

revise!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details