Hi,
I have submitted my IT returns just a couple of days back on 17-Jul-2014, but I received the revised Form-16 from my previous employer on 18-Jul-2014. Given that the due date for filing the IT returns has not yet passed, should I re-submit the corrected IT returns again as Original Return, or should I submit the corrected returns as Revised Return?
Kindly advise.
Thanks,
Rahul.
EXPERTS IN THIS POST MUST BE AWARE THAT IF ITR-V OF ITR IS NOT FILED WITH THE INCOME TAX DEPARTMENT THEN SUCH ROI IS TREATED AS INVALID...SO IN MY OPINION THE AUTHOR NEED NOT SEND ITR-V OF RETURN CONTAINING WRONG FACTS TO THE INCOME TAX DEPARTMENT.THIS WILL NULLIFY THE WRONG ITR FILED BY THE AUTHOR.
KINDLY NOTE THAT WHEN YOU WILL RESUBMIT THE RETURN YOU HAVE TO MARK IT AS REVISED RETURN..HOWEVER THE RETURN SHALL BE TREATED AS ORIGINAL RETURN AS PER MY COMMUNICATION WITH INCOME TAX DEPARTMENT..
PRINCE WADHWA(ATC)
email id:- princewadhwa1234 @ gmail.com
In my case, I uploaded my ITR-2 form for AY2014-15 on 18th July and got ITR-V achnowlegement. The acknowledgement shows refund of total TDS deducted in my Form No.16. After verification of my ITR-2 form uploaded, it is revealed that my net taxable income is shown correctly but in Part B-TTI-Computation of tax liability on total income, my tax liability is not worked out.
I like to know whether I should file correct original return once again (wherein I am not entitled for any refund) or send my ITR-V form as it is duly signed and leave it to IT deptt.
I shall be obliged for advice
C V Naik
CAclubindia
