Income tax refund...urgent

CA Sankalp Patwa (CA) (193 Points)

28 March 2013  

One of my friend has filed a wrong belated return under section 139(4). Mistake is because of wrong calculation of interest by the utility we download from the incometaxindiaefiling site. Details are as follows:-

Assessee : AOP

Tax Liability :- 100208 (inclusive of education cess)

Interest 234A :- 154

Interest 234B :- 18576

Interest 234C :- 79

TDS : 97973

Self Assessment Tax :- 21050 (paid because of wrong calculation)

Due date of filing of return :- 31/07/2012

Date on which return filed :- 26/03/2013

After filing the return he came to know about this mistake in calculation of Interest u/s 234B (correctly it is 110 only). Now this return cannot even be revised as it is belated .....


Is there any possible action or remedy in these circumstances ?