filed my ITR ..for assessment year ...and refund credited in my bank account ..but forgot some deductions ..
can I get increased refund through revised return ..
Thank u
Replies (8)
Quick Summary
This discussion clarifies whether an increased Income Tax Return (ITR) refund can be claimed through a revised return after the original return has been processed and the refund credited. Participants confirm that a revised return can indeed be filed to claim missed deductions. The key point of contention is whether the intimation under Section 143(1) constitutes an 'assessment order'. Generally, it's considered an intimation, allowing for a revised return to be filed before the relevant deadlines, even after the initial processing.
Please guide.....for AY 22/23 return u/s 139(5) can be filed before 31/12/22 OR before original return filed uls 139(1) is assessed?. Please clarify.....can itr be revised u/s 139(5) after assessment of itr u/s 139(1)?.....please highlight on this thx
Can be revised upto Dec 31 even when original return is assessed and demand/ refund determined??...in such case how many times return can be filed?? Please clarify on above said ?? I am confused.
When intimation under section 143(1) is sent and refund credited the ITR filing gets over. The main point is that whether assessment under 143 (1) is "assessment order" ? If yes then you can't file revised return! If no then you can! Just try filing under 139(5) if it's working then it's okay.Else you can't!
U/s 143(1) is just a intimation.....cannot be called assessment...so revised return can be filed if intimation recived but assessment not done and must be filed before deadline of filing return with penalty
U/s 143(1) is just a intimation.....cannot be called assessment...so revised return can be filed if intimation recived but assessment not done and must be filed before deadline of filing return with penalty