Kaustav, in my opinion you should revise your return because you got the amount you claimed in return, so there is no mistake in return.Therefore no question of rectification arises.
@ Kaustav you are an early bird for you that filed your Return for the F.Y. in 2013-2014 in May 2014 .
Itsa general Practice that we all follow here to file returns after 15th June as by this time one gets the most updated records.
In your case I would suggest you to
1. File revised Return.
2. The department already has a record of the TDS refunded to you for the FY 2013-14 and shall redund you the balance TDS which was not claimed by you earlier.
3. Filing return early in May 2014 and updation of records by Business houses later on isa valid ground for Filing Revised Return.
@ Hitesh. I submitted late return u/s 139(4), i.e. AY is 13-14, FY-12-13.
| Originally posted by : Hitesh Khanna | ||
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@ Kaustav you are an early bird for you that filed your Return for the F.Y. in 2013-2014 in May 2014 . Itsa general Practice that we all follow here to file returns after 15th June as by this time one gets the most updated records. In your case I would suggest you to 1. File revised Return. 2. The department already has a record of the TDS refunded to you for the FY 2013-14 and shall redund you the balance TDS which was not claimed by you earlier. 3. Filing return early in May 2014 and updation of records by Business houses later on isa valid ground for Filing Revised Return. |
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If you have filed a late return , then it is not possible to revise it.
Well As per Law I totally Agree with @ Saloni.
Practically if the unclaimed amount is a Good Amount, then you can try filing a revised return.
Hi Kaustav
As per sec 139 (5) revised return can be filed within 1 year from the end of relevant A.Y.or before completion of assessment whichever is earlier and revised return can be filled only if you have filed your return within due date as prescribed u/s 139(1). In your case you have filed your return after due date which can not be revised later.
Therefore you can not revise your return. The another option to you is to submit the application for rectification as per sec 154. Rectification can be filed within 4 year form the end of the relevant A.Y>
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