Mistake in ITR

ITR 1068 views 8 replies
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SE
37 Points Joined April 2010

Hi,

I have done a mistake while filing the ITR for the AY 2008-09.

I have PF+Insurance+FD(>5 yrs tax saving) amounting more than Rs 1,00,000 for the FY 2007-08

But while filing ITR agent has entered "Deductions under chapter VIA as Rs 46676. So the ITR looks like

Gross Total Income :                 289855

Deductions under chapter VIA : 46676

Total Income after deduction : 189855  ( he has deducted one lakh but entered 46676)

It is a typing mistake and Now IT people has found this and I have received notice ( 143(1) ) asking to pay tax+interest of Rs 24563

Actually as per the ITR we have submitted for the refund. Also in the notice they have not considered the TDS

Please advice me as how can I solve this?. Can I submit a new ITR after the assessment is over..

Thanks in advance..

Jimmy

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On 14 April 2010 at 15:45 Report
Replies (8)
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Learner
4016 Points Joined December 2009

Dear Jimmy,

First 143(1) is not an assessment...n ITR can be revised after 143(1)

Second ITR for AY 2008-09 cannot be revised now since last date was 31/3/2010.

Option for u - Move an application u/s 154 for rectification of intimation along with the docementary evidence of savings & TDS Certificate...

No fixed format is there just a simple application addressed to ur AO & drawing his attention to the above mistakes...

2 Reply
On 14 April 2010 at 16:03
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CA
209 Points Joined September 2009

Agree with Amir, provide returned income is Rs.189855.

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On 14 April 2010 at 16:08
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SE
37 Points Joined April 2010
Thanks to the quick replies... Can Form16 be submitted as a TDS Certificate?. Or is that a seperate one?
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On 14 April 2010 at 16:36
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Student CA Final
1454 Points Joined April 2008

please find the sample format for it .

1) credit for TDS not Given ...

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On 15 April 2010 at 11:59
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Student CA Final
1454 Points Joined April 2008

please find the sample format for it .

 

2) Wrong Computaion of Interest ...

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On 15 April 2010 at 12:01
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Student CA Final
1454 Points Joined April 2008

Even one of my realtive as same kind of situation ,

The only difference is that , in his case, there had been incorrect amount feeded in the column.

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On 15 April 2010 at 12:03
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B.COM CA
149 Points Joined December 2008

AMIR IS ABSOLUTELY CORRECT.

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On 15 April 2010 at 14:38
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Chartered Accountant
245 Points Joined October 2009

Jimmy

Form 16 = TDS certificate

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On 15 April 2010 at 16:48


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