Is itr for a.y 2011-12 can be revised?

ITR 1985 views 5 replies

Darpan aggarwal

Article assitiant

141 Points Joined June 2009

Dear Caclubindia Members,

Can ITR for the A.y 2011-12 can be revised , which is filed as manual return on 26.07.2011. Is there is any way to revise the return, because assessee wrongly claim lesser amount of tds in the return.

E.g : - ITR FOR F.Y 2010-11 (i.e. A.Y 2011-12) Filed on 26.07.2011 before due date

and claim TDS DEDUCTED : - RS. 73000 AND PAY TAX RS 15000. AND CLAIM REFUND OF RS. 58000.

BUT ON 12th August, 2013 , ASSESSEE KNOW THAT HIS TDS DEDCUTED IS RS 105000. AND NOW HE WANT TO REVISED HIS RETURN. IF NO, WHY?

AND

ASSESSEE CAN CHOOSE THE OPTION OF REVISED RETURN THROUGH ONLINE. OR OPT FOR RECTIFICATION ONLINE U/ 154.

THANKS AND REGARDS

Replies (5)

Pakshal Shah

Practicing Chartered Accountant

271 Points Joined April 2009

Opt for rectification u/s 154

CA LOVELY ARORA

C.A. B.Com (H) Graduate

2151 Points Joined August 2008

Dear Darpan,

sorry... it can't be revised now.. the time for revision of ITR was only upto 31.03.2013 which has been elapsed.
So, better go for Rectification u/s 154. No other way possible.

Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com

Mihir

Wealth Manager

5293 Points Joined December 2008

You can file revised return. But the question is why is your assessment still pending.

Mihir

Wealth Manager

5293 Points Joined December 2008

My mistake. Agree with Mr. Lovely.

CA Pallav Singhania

IT System Auditor

33683 Points Joined April 2010

As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.

Thus return of A.Y 2011-12 can be revised till 31st March 2013 or before the completion of the assessment whichever is earlier.

You can’t refile your return if income tax department already did the assessment of your return.