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Notice u/s 142(1)

Tax queries 731 views 1 replies

Hi All

A salaried persons receives notices u/s 142(1)

Case is very simple furnish all the supporting documents like ITR-V, FORM-16,INVESTMENT PROFFS, ETC. to your officer, If you have file your return accurately and you have paid all the taxes there is no worry.

BUT

Here a case is that every things clear, white income, all documents available. but during the time of filing the return

mistakenly Income Tax Return was filied with the Form-16 data which was of a different year.

For eg. for A.Y.2011-12, return was filed with the data of A.Y.2010-11.

more over this mistake was realized when the notice was receivced.

Q. WHAT ACTION CAN BE TAKEN NOW IN THIS CASE, PLEASE SHARE YOUR EXPERIENCE.

Thank you.

 

 

 

Replies (1)

In That Case you need to revise a return. Because Notice U/s 142(1) is basically for inquiry before assessment. Its NOT an assessment. 

And we can revise the retrun U/s 139(5). It clearly says that "Assesee can revised there return under the notice of 142(1).

 


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