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Incorrect refund details shown in ITR-V

ITR Filing 475 views 3 replies

shabi shahul

manager

29 Points Posted on 14 July 2011

I am a salaried individual from Bangalore, India. I had e-filed my tax using www.taxspanner.com. The ITR-V shows that I have tax refunds crossing more than 50k but I know that I am not supposed to get any refund. The cell 7b for TDS shows an exorbitant amount. However, I pretty sure that I had entered the correct amount in the portal while e-filing. Now I am myself doubtful whether there was a typo or a system glitch. I don't know what to do. I don't want to face any IT notice.

How can I correct this? Can I refile my returns? If so, then will the old ITR-V stands automatically cancelled in IT systems so, that I don't get the refund.

Replies (3)

BALASUBRAMANYA B N

CCI STUDENT....

44687 Points Posted on 14 July 2011

Yes you can revised the return and make correction of that.....

C.A. Jignesh N. Mehta

C.A.

1030 Points Posted on 14 July 2011

I would advice to get yourself registered with www.incometaxindiaefiling.gov.in . its a very simple process and you will get registered in maximum 10-15 minutes. After getting registered check your 26AS from my account link, get TDS details from 26AS and match it with the ITR-V.

Then and only then you will be able to reconcile the ITR-V and the credit in your PAN number.....

I hope this will help you with the proposed revise return you have to file.