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Itr

CA. Nitesh (Assistant Manager (Finance and Accounts)) (491 Points)

13 August 2012

hiii Folks

I have submitted my e-return but not sended signed copy of ITR -V till date and now i came to know that there is sm correction which need to be done in my already filed return.

Now how can I rectify my mistake... whether i hv to revised old one or i can freely upload new return for the same A/y-2012-13

Thanks in adavance.

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6 Replies

Rohit Srivastava (Article CA Final) (94 Points)
Replied 13 August 2012

It depends onwhat type of correction you have to made.If you have omitted anything that will change your income particulars then it is better for you to file revised return,If the mistake is minor then you can send ITR V and file rectification after receiving intimation u/s 143(1).

CA. Nitesh (Assistant Manager (Finance and Accounts)) (491 Points)
Replied 13 August 2012

Dear Rohit

Mistake is not minor its is related to disclosure of some income in wrong way...anyway can i revise that return without sending signed ITR -V of old return mentioning acknowledgement no of old return or not.

Thanks

CA. Subhash Dangi (Chartered Accountant) (1784 Points)
Replied 13 August 2012

Once E-filing is done, e-filing acknowledgement number will be generated and same is reflected in your ITR-V. It is nothing but e-filing successfully done.

Now the options are (1) U have to revise your return by rectifying the mistakes or corrections

(2) wait for 4 months (120 days) from the date of E-filing and upload fresh return for the relevant Assessment year since U have not sent the signed copy to ITR-V to CPC till date.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 13 August 2012

two options are in your hand,

1) revise the return now and send both ITRV to CPC

2) ignore the efiled return, and dont send ITRV to CPC( it will get cancelled auto after 120 days), but file a manual return to ITO in ward,

select any one option which suits you.

pooja (student cpt) (93 Points)
Replied 14 August 2012

hello....i think dat the return is deemed to be filed only wen itr5 is sent....... so if u hvnt sent itr5, it means no return has been filed..... u can revise only dat return which has been filed........

the other thing is dat u can file a new return without filing any itr5 for the previous return.. but in dis case u will hv to pay penalty us 234... dats my opinion