Income tax filing

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Dear Learned members,

I have efiled my return in ITR 4 meant for legal professional  for the first time but when i got acknowledgement print, I felt that I have done some mistake as there was no reflection of my gross total income, deductions claimed & total income.however TDS detail is correct.

Please let me know what wrong could have been done by me & how to rectify it.

Thanks in advance.

Regards,

Ekta Shah

 

Replies (15)

You may file a revised ITR 4 specifying the acknowledgement number.

Thanks

Originally posted by : RAJESH CHOUDHARY

You may file a revised ITR 4 specifying the acknowledgement number.

Thanks

Dear Sir,

At the outset thanks to you for prompt reply.apart from filing revised return tell me if possible how to rectify it as I think there must be some way definitely if someone does any mistake while efiling.I hope you could get my point of view.

Thanks

 

Dear Ekta Shah,
The only solution to correct the figure is to revise your return. There is no consequences of revised return if original return is filed within the time limit as prescribed under section 139(1). At the time of revising you just need to file return under section 139(5).
For your reference section 139(5) :-
 
 If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
 
 
Regards 
RAJESH CHOUDHARY

You have to file revised return, but before generating xml. file check PARTB-T1-TT1 sheet in which you can check income - deduction - tds -tax paid details etc.

Dear Ekta ji

Muje nahe lagta ke return revise karna ke jarurat hai. ap ke return Gross Total Income & Deductions & Tds According to  26AS perfect hai to app returns revise na kara. aur Jaha app ko lagta hai mistake hai books mein waha ush mistake ko thk kar le. but app ke Gross total income change na ho.

To,

Rajesh Sir ,

Thanks a lot for your reply.

Further this question was put to members only for the reason that I saw there was a display regarding rectification in the it department website thats why I was trying to grab some info regarding the same only.

 

Hi,

Do not forget to fill receipt no which was generated .

Please send me your all detal with scan copy of acknowledgement at my mail id . I will try  to help you.

 

Ekta:  The option u are saying is for rectification under section 143 or 154.. Thats a different thing which is done after the exiry of due date of filing revised return... But for now the only option avialable is to revise ur return u/s 139[5]..

Dear frd Ekta u can file Rectification after reciveing assment order of 141. before that u hav to revise ur return and if u want to file rectification thatn u hav to  wait up to the time when u recive your assment oder than u can file rectification !!!

DEAR EKTA Don't Worry about mistake, without mistake no learn any thing but again & again not should be mistake, You can file revised return u/s 139(5) after received assessment order u/s 141.

Ekta you can do one thing.........Directly jump on to Revising the return. If you have kept the ITR 4 (Orignal file In which you have filled your data , then generated xml file for submiting). Check that first. In that just check your Computation under Part B-TTI. If there everything is correct...then once again download your acknowledgement from the site.& check. If all the answer comes negative then go for revising your return. Rectification is the another thing. Dont do that. If you have any doubts feel free to ask.

 

Varsh*t Shah

Ekta, 

I suggest you to re-download the acknowledgement, as the site would not accept the return if there is material discrepancy (unless u have filed a blank ITR). As Varsh*t told u can also check the xml file that u uploaded. 

If none of the above works, as others have rightly recommended go for Revised return. 

If u dont want to go for revised return , u need not worry as even if there is any mistake in the ITR u l be sent a Intimation u/s 143 (1) first, where by u can explain ur reasons and file a rectification petition u/s 154 .

Sir, I have an commission income from life insurance business, which is amounting to Rs. 6.5 Lac. Which form of ITR will be applicable to me? Can I file my return as business income after allowing expenses i.e. Salary, Office Rent, Conveyance, Stationery, Mobile etc. Please suggest. Thanx.


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