INCOMETAX REVISED RETURN

Efiling 257 views 8 replies

I am planning to file revised return as I have mentioned some incorrect amounts..Since I have already received income tax refund amount I am in confusion where to add that amount in ITR1 revised return..Please guide me.

Replies (8)
Refund credit is taken into next year assessment and not to consider in revised return..as other sources of income
You cannot file revised return now.
Refund along with additional tax to be paid in revised itr
For which AY?
The financial year is previous year the assessment year is the following year next the previous year.
Since you have mentioned wrong amounts in ITR itself
you have to file REVISED ITR

Having gone through revision make no more mistakes as no further revision is possible. For a current assessment year..

But for a previous assessment year 

You can apply for condonation in belated return submission only if you have a refund  claim further on this 

Pls post correct figures Satyanarayana


CCI Pro

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