LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Filing original returns twice - ay 2014-15

rahul (Others) (24 Points)

20 July 2014

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.

Reply
Follow
Share

11 Replies

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 20 July 2014

you are reqd to revise your return filed... and send itr-v of both original and revised return.

Sathish M (Management Accountant) (40581 Points)
Replied 20 July 2014

You need to file revised return, agree with Tribhuvan ji..!!!

vishak (accounts) (488 Points)
Replied 20 July 2014

U must revise your it return

Raj kumar keshri (Accountant) (21 Points)
Replied 20 July 2014

U must revise your it return filed and send itr -v final return copy

Gagan Deep Singh (CHARTERED ACCOUNTANT) (1190 Points)
Replied 21 July 2014

U can revise the return as many time u want upto one year from the end of relevant ay.

Prasanna kumar B C (audit assistence) (31 Points)
Replied 21 July 2014

You must revise your return and submit ITR V along with copy of original return.

Phani Yaswanth (Manager- Finance) (43 Points)
Replied 21 July 2014

You can revise it

CA Prince Wadhwa (PRACTICE) (117 Points)
Replied 21 July 2014

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

himanshu agrawal (CA Practice ) (21 Points)
Replied 21 July 2014

Do we need to send acknowledgment of original return also along with revised return?

c.v.naik ( Director Pvt Ltd Company. ) (49 Points)
Replied 21 July 2014

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