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 ?
CAclubindia
